Finding Text
Significant Deficiency: As discussed at Finding 2020-001, review of tenant income worksheet is not required before being submitted to New York State Housing Trust Fund or U.S. Department of Housing ad Urban Development. Incorrect income entered and submitted on income worksheet will result in an incorrect calculation of tenant portion of rent owed to the Corporation and subsidy to be received, which can result in payback of improper subsidy amount received and loss of revenue. Finance personnel not involved in income certification should review income worksheet for accuracy before being submitted.