Finding 1142444 (2023-003)

Significant Deficiency
Requirement
A
Questioned Costs
$1
Year
2023
Accepted
2025-06-24
Audit: 359650
Auditor: M Group LLP

AI Summary

  • Core Issue: The Corporation failed to keep up-to-date vendor documents, like invoices and checks.
  • Impacted Requirements: There is a violation of regulations requiring proper documentation for disbursements.
  • Recommended Follow-Up: Management should reassess and enhance policies to ensure compliance with documentation standards.

Finding Text

Finding #2023-003: Section 8 Housing Assistance Payments Program, CFDA: 14.195 Condition: The Corporation did not maintain current documents in the vendor files, including invoices and cancelled checks. Criteria: The Corporation is required to maintain documentation in the vendor files including approved bills, invoices, or other supporting documents. Questioned Costs: $98,784 Effect: The Corporation is in violation of regulatory requirements governing disbursements. Cause: Management’s policies with respect to proper documentation of vendor files and cash disbursements were not consistently followed. Recommendation: Management should review its policies and monitoring procedures to ensure compliance. Management Views: Management concurs and agrees to review and monitor policies and procedures regarding tenant eligibility and related documentation.

Categories

Questioned Costs HUD Housing Programs Subrecipient Monitoring Eligibility

Other Findings in this Audit

  • 565999 2023-001
    Material Weakness
  • 566000 2023-001
    Material Weakness
  • 566001 2023-002
    Significant Deficiency
  • 566002 2023-003
    Significant Deficiency
  • 1142441 2023-001
    Material Weakness
  • 1142442 2023-001
    Material Weakness
  • 1142443 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $3.16M
14.195 Project-Based Rental Assistance (pbra) $539,511