Finding 2024-002, Significant Deficiency in Internal Control over Financial Reporting. Condition: The Project did not submit their financial information to H.U.D. by the required due date. Criteria: Submit the Project financial information by the required due date. Cause: Procedures are in place to submit the required information by the required due date. However, the required information was not available for a timely submission. Effect: The REAC submission is late. Recommendation: The auditor recommended that the management and the Project’s governance review their procedures and begin the audit earlier to ensure the financial information is available for a timely submission. Responsible Person: Brittany Colson, Manager Planned Action: The Project agrees with the finding and the auditor’s recommendations will be adopted. Anticipated completion date: The recommendation will be applied in fiscal year ending June 30, 2025.