Finding Text
III. FEDERAL AWARDS FINDINGS FINDING 2025-003: Material Weakness in Internal Control over Compliance – Activities Allowed or Unallowed Federal Award Identification Assistance Listing Program Title: Public Housing Operating Fund Assistance Listing Program Number: 14.850 Federal Award ID Number and Year: N/A Federal Agency: U.S. Department of Housing and Urban Development Criteria Under 2 CFR Section 200.302: Recipient's and subrecipient's financial management system must sufficiently identify the amount, source, and expenditure of Federal funds for Federal awards. These records must contain information necessary to identify Federal awards, authorizations, financial obligations, unobligated balances, as well as assets, expenditures, income, and interest. All records must be supported by source documentation. Condition See Finding 2025-001. Repeat Finding No Questioned Costs See Finding 2025-001. Effect or Potential Effect The Authority was not in compliance with 2 CFR Section 200.302. Cause See Finding 2025-001. Recommendation See Finding 2025-001. Auditee Response/ Corrective Action Plan See page 50.