Finding 1145297 (2024-006)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-06-30

AI Summary

  • Answer: Springfield Metropolitan Housing Authority needs to reconcile Inter Program accounts monthly.
  • Trend: Regular reconciliation and timely reimbursement of interfund borrowings will lower the risk of questioned costs.
  • List: Implement monthly reconciliations and ensure interfund borrowings are reimbursed promptly.

Finding Text

In order to be in compliance with guidelines established by the Department of Housing and Urban Development, I recommend that Springfield Metropolitan Housing Authority, should reconciled the Inter Program accounts on a monthly basis. In addition, interfund borrowings should be reimbursed within a reasonable timeframe, during the operating cycle. By performing these procedures, the risk of incurring questioned costs will be significantly reduced.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 568855 2024-006
    Material Weakness
  • 568856 2024-007
    Significant Deficiency
  • 568857 2024-008
    Significant Deficiency Repeat
  • 568858 2024-009
    Significant Deficiency Repeat
  • 1145298 2024-007
    Significant Deficiency
  • 1145299 2024-008
    Significant Deficiency Repeat
  • 1145300 2024-009
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $5.08M
14.850 Public Housing Operating Fund $3.17M
14.872 Public Housing Capital Fund $2.67M
14.879 Mainstream Vouchers $237,582
14.238 Shelter Plus Care $145,166
14.896 Family Self-Sufficiency Program $49,997