FAC Explorer

Finding 1155727 (2024-006)

Material Weakness Repeat Finding
Requirement
C
Questioned Costs
$1
Year
2024
Accepted
2025-09-26
Audit: 368025
Organization: Area Xv Multi-County Housing Agency (IA)
Auditor: Core CPAS

AI Summary

  • Core Issue: There is a material weakness in internal controls related to compliance with federal cash management for the Capital Fund Program.
  • Impacted Requirements: This finding is a repeat issue, indicating ongoing non-compliance with federal award criteria, specifically related to cash management.
  • Recommended Follow-Up: Review the corrective action plan on page 49 and ensure timely implementation to address the questioned costs of $54,112.

Finding Text

FINDING 2024-006: Material Weakness in Internal Control over Compliance - Federal Awards Compliance - Cash Management Federal Award Identification Assistance Listing Program Title: Capital Fund Program Assistance Listing Program Number: 14.872 Federal Award ID Number and Year: IA 01P124501-21 IA 01P124501-22 IA 01P124501-24 Federal Agency: U.S. Department of Housing and Urban Development Criteria: See Finding 2024-002. Condition: See Finding 2024-002. Repeat Finding: Yes, Finding 2023-001. Questioned Costs: $54,112 Effect or Potential Effect: See Finding 2024-002. Cause: See Finding 2024-002. Recommendation: See Finding 2024-002. Auditee Response/ Corrective Action Plan: See page 49.

Corrective Action Plan

Finding 2024-006 See response to finding 2024-002.

Categories

Questioned Costs Cash Management Material Weakness Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1155728 2024-007
    Material Weakness Repeat
  • 1155729 2024-008
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $1.46M
14.850 Public Housing Operating Fund $282,883
14.872 Public Housing Capital Fund $42,162