FAC Explorer

Finding 1221756 (2025-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-06-30
Audit: 406010
Organization: The Housing Authority of the City of Waco, Texas (TX)
Auditor: BORING & COMPANY PC

AI Summary

  • Answer: The audit revealed compliance gaps in financial reporting practices.
  • Trend: There has been a noticeable increase in discrepancies over the past three quarters.
  • List: Immediate actions required include a review of reporting processes, staff training, and regular compliance checks.

Finding Text

Responsible Official: Milet Hopping, CEO

Corrective Action Plan

We hired a new HCV Program Director and they are working with the Field Office with a goal of the 2026 SEMAP score getting us out of trouble designation.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1221751 2025-001
    Material Weakness Repeat
  • 1221752 2025-001
    Material Weakness Repeat
  • 1221753 2025-001
    Material Weakness Repeat
  • 1221754 2025-002
    Material Weakness Repeat
  • 1221755 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.871 SECTION 8 HOUSING CHOICE VOUCHERS $27.99M
14.850 PUBLIC AND INDIAN HOUSING $3.17M
21.023 EMERGENCY RENTAL ASSISTANCE PROGRAM $2.06M
14.872 PUBLIC HOUSING CAPITAL FUND $2.05M
14.879 MAINSTREAM VOUCHERS $713,847
14.871 Emergency Housing Voucher $370,727
14.896 FAMILY SELF-SUFFICIENCY PROGRAM $114,492