Finding Text
Finding 2025-004: Material weakness and compliance finding Information on universe/ sample size: It was noted during testing that the management agent was not able to perform management duties in a timely manner. Identification of repeat finding: Yes, 2024-005 Condition: All management agent duties should be performed timely. Criteria: Tenant units should be filled in a timely manner and existing tenants need to be recertified annually. Effect: There were unresolved corrections and there were tenants’ subsidies that had expired and had yet to be recertified, additionally, there were vacant units for extended periods of time. Context: Auditor noted the issues during testing. Cause: Turnover at the management agent. Recommendation: The management agent should hire a consultant to assist with performing the necessary management agent duties when they are not adequately staffed.