Finding 1215151 (2025-012)

Material Weakness Repeat Finding
Requirement
J
Questioned Costs
-
Year
2025
Accepted
2026-05-20

AI Summary

  • Answer: The Project missed the deadline for submitting required REAC reports.
  • Trend: This indicates ongoing issues with preparation and review processes that lead to delays.
  • List: To fix this, establish procedures for timely preparation and submission of reports.

Finding Text

Condition: The Project did not submit required REAC reporting within the prescribed timeframe. Criteria: HUD requires timely submission of required reporting. Cause: Delays in preparation and review processes. Effect: Noncompliance with reporting requirements. Recommendation: Implement procedures to ensure timely preparation and submission of required reports.

Corrective Action Plan

Management will begin year-end closing procedures earlier, establish internal deadlines, engage the auditor earlier, and implement a REAC submission calendar assigning responsibilities and target dates. Evidence of timely submission will be retained, including confirmations or screenshots.

Categories

HUD Housing Programs Reporting

Other Findings in this Audit

  • 1215148 2025-009
    Material Weakness Repeat
  • 1215149 2025-010
    Material Weakness Repeat
  • 1215150 2025-011
    Material Weakness Repeat
  • 1215152 2025-013
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.181 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES $1.28M
14.195 PROJECT-BASED RENTAL ASSISTANCE (PBRA) $90,551