Finding Text
Finding No. 2023-001; Supportive Housing for the Elderly - Section 202, Listing 14.157 Criteria 145 South 3rd Street Housing Development Fund Corporation is required to submit the audit reporting package and data collection form to the Federal Audit Clearinghouse (FAC) within the earlier date of either 30 days after receipt of the auditor's report or nine months after the end of the audit period. Condition 145 South 3rd Street Housing Development Fund Corporation failed to the submit single audit reporting package and data collection form for the year ended December 31, 2022 to the Federal Audit Clearinghouse (FAC) by the due date. Cause An administrative error caused the filing to be overlooked. Effect or Potential Effect Failure to timely file the reporting package with FAC can result in incomplete data collection by Federal Audit Clearinghouse's Single Audit Database for use with oversight, monitoring, and assessment of U.S. federal assistance. Questioned Costs None. Identification as a Repeat Finding No Recommendation Management should establish internal control policies and monitor compliance with those procedures to ensure that the audit reporting package and data collection form are submitted to the Federal Audit Clearinghouse in a timely manner. Management should consider adding to the administrative calendar of required filings the submission of the single audit reporting package and data collection form. HUD Auditor Noncompliance Code: Other Finding Resolution Status: Resolved. Views of Responsible Officials We did not in the past, but we will submit in the future.