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2025-002 – REPORTING Other Matter/Significant Deficiency U.S. Department of Housing and Urban Development CFDA #: 14.881 – Moving-to-Work Demonstration Program CRITERIA Financial Reports (OMB No. 2535-0107) - Financial Assessment Sub- system, FASS-PH. The Uniform Financial Reporting Standards (24 CFR section 5.801) require PHAs to submit timely GAAP-based unaudited and audited financial information electronically to HUD. CONDITION The unaudited submission was required to be submitted to HUD by December 15, 2025, however, the submission was not completed until April 27, 2026. CAUSE The Authority’s internal control processes were not sufficient to ensure timely completion of the submission. EFFECT As a result of not submitting the unaudited FDS timely, HUD was limited in its ability to conduct monitoring and oversight of federal programs. QUESTIONED COSTS None identified. CONTEXT The Authority submits the unaudited FDS annually. Our testing of the reporting requirement was limited to the single occurrence of the annual filing. REPEAT FINDING Not a repeat finding. RECOMMENDATION We recommend that the Authority ensure all requested audit documentation is organized and provided to auditors timely to ensure a more efficient audit process and prevent future reporting delays. AUDITEE’S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.