Finding 1176873 (2025-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-03-06

AI Summary

  • Issue: Two semi-annual performance reports were not submitted on time.
  • Requirements Impacted: Reports must be filed within 30 days after the 6-month period ends.
  • Follow-Up: Ensure reports are submitted ahead of deadlines to prevent future delays.

Finding Text

Condition: Neither of the semi-annual performance reports for the program were submitted by 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: The reporting requirements, as established by the grant agreement, were not properly followed. Questioned Cost Amount: Not applicable. Context: Both of the two performance reports required to be filed during the fiscal year were 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

Real Estate Director to review submissions prior to due date to ensure reports are submitted on time. Calendar of submission due dates created to ensure proper review is done in a timely manner.

Categories

Reporting

Programs in Audit

ALN Program Name Expenditures
21.011 CAPITAL MAGNET FUND $1.46M
21.U01 NeighborWorks System Program $482,427
14.251 ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS $431,158
93.570 COMMUNITY SERVICES BLOCK GRANT DISCRETIONARY AWARDS $80,000
14.239 HOME INVESTMENT PARTNERSHIPS PROGRAM $71,550
21.033 COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND EQUITABLE RECOVERY PROGRAM (CDFI ERP) $29,727
14.169 HOUSING COUNSELING ASSISTANCE PROGRAM $26,212