Finding 1153775 (2024-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-09-22

AI Summary

  • Issue: The September 30, 2024 audit report was submitted late, violating federal regulations.
  • Requirements Impacted: CFR Title 2, Part 300 Section 200.512(a)(1) mandates timely submission of Single Audit reports.
  • Recommended Follow-up: Improve internal controls to monitor audit progress and ensure future compliance with submission deadlines.

Finding Text

Statement of condition: The September 30, 2024 audit report was not submitted on or before its deadline. Criteria: Code of Federal Regulations (CFR), Title 2, Part 300 Section 200.512(a)(1) requires Single Audit reports to be submitted within the earlier of 30 days after receipt of the audit by the agency, or nine months after the end of the audit period. Cause: The delay in submitting the report was due to a lack of adequate internal controls to monitor the audit progress and ensure timely submission. Effect: The Single Audit reporting package was not submitted to the Federal Audit Clearinghouse by the federally required deadline. Non-compliance with the reporting requirements is a violation of federal grants' terms and conditions.

Corrective Action Plan

Recommendations: We recommend that the Authority strengthen its internal controls and improve oversight of the audit process to ensure timely completion and submission of future reports. Additionally, the recipient should work closely with the audit firm to establish clearer timelines and ensure that any delays are addressed promptly Authority Response: Leadership recognizes the federal award finding and questioned costs and is already moving forward with a systems change to ensure timeliness of completing the necessary processes with the annual audit.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1153774 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.850 Public Housing Operating Fund $1.45M
14.871 Section 8 Housing Choice Vouchers $1.36M
10.427 Rural Rental Assistance Payments $712,287
14.872 Public Housing Capital Fund $309,254
14.896 Family Self-Sufficiency Program $66,661