Finding 1167296 (2025-001)

2025-001 - Allowable Costs - Interfund receivable not being reimbursed timely. - Housing Choice Voucher Program - ALN #14.871. Criteria or Specific Requirement: Interfund accounts should be reimbursed each month. Condition: - At the end of the year, the PHA's HCV program had an interfund receivable balance from other funds in the amount of $201,919 which was not being reimbursed on a timely basis. Cause: Interfund account receivable was not being reconciled on a monthly basis. Effect: The HCV program has an interfund receivable of $201,919 at year-end. Questioned Costs: Balance in the interfund receivable account at year-end of $201,919. Repeat Finding: Not a repeat finding. Recommendation: The PHA's other funds should reimburse the HCV program for the interfund receivable balance on a monthly basis. Response: The PHA will review the activity in the interfund accounts with its fee accountant and reimburse the HCV program on a monthly basis.