Finding 1161341 (2024-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-10-23

AI Summary

  • Issue: A semi-annual performance report was submitted late, missing the 30-day deadline.
  • Requirements Impacted: Timely filing of performance reports is essential for compliance.
  • Follow-Up: Ensure future reports are submitted well before deadlines to prevent delays.

Finding Text

Condition: One of the semi-annual performance reports submitted for the program was submitted after the reporting deadline. Criteria: Semi-annual performance reports must be filed within 30 calendar days of the end of the 6-month reporting period. Cause: The staff responsible for the submission failed to submit by the reporting deadline. Effect: A semi-annual performance report was submitted late. Questioned Cost Amount: Not Applicable. Context: One of the two performance reports required to be filed during the fiscal year was not submitted by the deadline. Recommendation: We recommend that performance report submission are done in advance of the deadline. Views of Responsible Officials and Planned Corrective Action: Performance reports will be filed in a timely manner to avoid missing the deadline.

Corrective Action Plan

Performance reports will be filed in a timely manner to avoid missing the deadline.

Categories

Reporting

Programs in Audit

ALN Program Name Expenditures
21.011 CAPITAL MAGNET FUND $1.70M
14.251 ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS $1.08M
21.U01 NeighborWorks System Program $877,005
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $193,535
21.033 COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND EQUITABLE RECOVERY PROGRAM (CDFI ERP) $53,316
14.169 HOUSING COUNSELING ASSISTANCE PROGRAM $22,195