Finding Text
Finding 2025-002 – Late Submission of Unaudited Financial Data Schedule Section 8 New Construction – Assistance Listing No. 14.182; Public Housing Program – Assistance Listing No. 14.850a; Resident Opportunity and Supportive Services Program – Assistance Listing No. 14.870; Section 8 Housing Choice Voucher Program – Assistance Listing No. 14.871; Mainstream Voucher Program – Assistance Listing No. 14.879; Capital Fund Program – Assistance Listing No. 14.872; PIH Family Self Sufficiency Program – Assistance Listing No. 14.896; Grant Period - Year ended December 31, 2025 Criteria HUD requires annual financial data, including financial balances and transactions for all of the Authority’s programs and reporting segments, to be submitted upon completion of the Authority’s annual reporting period in a report called an Unaudited Financial Data Schedule (UFDS). The UFDS must be submitted to HUD no later than two months after year-end. The Authority’s FDS was due on February 28, 2026. The Authority received a sixty-day extension from HUD, extending the due date to April 29, 2026. Condition and Perspective The Authority’s UFDS was due to HUD on April 29, 2026. The Authority submitted its UFDS to HUD on April 30, 2026, one day late. Cause Misunderstanding of the ending date of the sixty-day extension. Effect Noncompliance with UFDS reporting requirements. Questioned Costs – None noted Recommendation We recommend that the Authority submit its UFDS by HUD’s due date. Reply The Authority will submit its UFDS by HUD’s due date. The Authority’s Chief Financial Officer has assumed the responsibility of assuring timely UFDS reporting, and will submit the Authority’s upcoming annual UFDS by February 28, 2027.