Finding Text
Reporting - Housing Choice Voucher Program - ALN #14.871. Criteria or Specific Requirement: Amounts reported on the VMS should agree with the amounts reported on the FDS. Condition: - HCV HAP expense reported on the VMS was $1,531,521 while the amount reported on the FDS was $1,477,072. Restricted net position reported on the VMS was a negative $71,075 while the amount reported on the FDS was a positive $54,574. Unrestricted net position reported on the VMS was $255,405 while the amount reported on the FDS was $582,078. Cause: VMS and FDS are not being reconciled. Effect: Incorrect reporting on the VMS can have a negative impact on future funding. Questioned Costs: None. Repeat Finding: Not a repeat finding. Recommendation: The PHA should reconcile the amounts reported on the VMS with those reported on the FDS. Response: The PHA will adjust the current year amounts on the VMS and keep future reports reconciled with the FDS.