Finding Text
SIGNIFICANT DEFICIENCY and NON-COMPLIANCE Reporting – Audited REAC Submission Section 8 Housing Voucher Choice Program AL #14.871, 14.879 Condition: Audited financial information for the periods ending June 30, 2024 and 2023 was not submitted to HUD through the REAC website within the required time-frame. Criteria: Entities that administer Housing Choice Voucher Cluster programs must submit audited financial information annually to the Department of Housing and Urban Development (HUD) in accordance with 24 CFR 5.801 – uniform financial reporting standards. Audited financial information must be submitted to HUD electronically through HUD’s Real Estate Assessment Center (REAC) website, and the submission of this information to HUD must take place within nine months of the entity’s fiscal year end. Effect: The Agency is in violation of HUD financial reporting requirements. Cause: Oversight. Identification of a Repeat finding: This is a repeat finding from the immediate past audit. Questioned Cost: None. Recommendation: We recommend that management ensures future submissions are completed on a timely basis. Management Response: Management agrees with this finding and recommendation.