Finding 1155088 (2024-002)

Material Weakness Repeat Finding
Requirement
E
Questioned Costs
-
Year
2024
Accepted
2025-09-24

AI Summary

  • Issue: Four out of eight tenant files lacked timely signed Form 50059 for annual recertification.
  • Requirements Impacted: Noncompliance with HUD guidelines could lead to renting to ineligible tenants or incorrect rent subsidies.
  • Follow-Up: Management will conduct bi-annual training and monitoring to ensure timely completion of all Form 50059s.

Finding Text

Criteria In accordance with HUD program guidelines under which the Project operates, the annual tenant recertification Form 50059 is required to be signed by the tenant prior to the required annual recertification date. Condition In connection with lease file testing, we noted 4 out of 8 tenant files did not have annual tenant recertification Form 50059 completed timely. Cause Personnel responsible for tenant recertifications failed to obtain signatures on all Forms 50059 prior to the required annual recertification date. Effect or Potential Effect Noncompliance with HUD guidelines could result in units being rented to ineligible tenants or errors in the rent subsidies paid by HUD. Questioned Costs N/A Recommendation The cooperative should ensure that all Form 50059s are signed by the tenant prior to the required annual recertification date. Auditor Noncompliance Code: R - Section 8 program administration. Finding Resolution Status: In process. Views of Responsible Officials Management agrees with the finding and the auditor's recommendations have been adopted. The management's compliance department will schedule bi-annual on-site visits to provide training as well monitoring all the recertifications to ensure that they are completed timely.

Corrective Action Plan

Current Findings on the Schedule of Findings, Physical Inspection and Recommendations 2. Finding 2024-2 c. Comments on the Finding and Each Recommendation In accordance with HUD program guidelines under which the Project operates, the annual tenant recertification Form 50059 is required to be signed by the tenant prior to the required annual recertification date. d. Action(s) Taken or Planned on the Finding The CRM Compliance Department will schedule bi-annual on-site visits to provide training as well monitoring the all recertifications to ensure that they are completed timely.

Categories

HUD Housing Programs Subrecipient Monitoring Eligibility

Other Findings in this Audit

  • 1155087 2024-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.195 Project-Based Rental Assistance (pbra) $1.49M