Finding 1509 (2022-002)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-11-09
Audit: 2792

AI Summary

  • Core Issue: The Village failed to obtain an independent audit on time, violating 2 CFR 200.512.
  • Impacted Requirements: Submission of the data collection form was not completed within the required timeframe.
  • Recommended Follow-Up: The Village should create a plan to ensure timely completion and submission of future audit reports.

Finding Text

Section 8 Housing Choice Vouchers Assistance Listing Number 14.871, Highway Planning and Construction (Federal-Aid Highway Program) Assistance Listing Number 20.205 Criteria or specific requirement (including statutory, regulatory, or other citation): In accordance with 2 CFR 200.512, the Village is required to complete and submit the data collection form within the earlier of 30 days after receipt of the auditor’s report, or nine months after the end of the audit period. Condition and Cause: The Village did not obtain an independent audit within the required period for submission. Effect or Potential Effect: The Village did not comply with the requirements of 2 CFR 200.512. Questioned costs: None. Identification as a repeat finding, if applicable: A similar finding (2021-002) was reported in the prior year. Recommendation: The Village should develop a course of action to ensure future single audit reports are completed and submitted to the Federal Agency Clearinghouse in accordance with the requirements of 2 CFR 200.512. Views of Responsible Officials: As noted in the Corrective Action Plan, management has agreed to the findings and recommendation above.

Corrective Action Plan

The Village notes that the delay in single audit report submission is attributed to its misidentification of a Federal award, which it originally believed to be a State award. Propspectively, the Village will ensure all awards are properly categorized and engage a CPA firm to perform its Single Audit in a timely manner

Categories

HUD Housing Programs

Other Findings in this Audit

  • 1510 2022-003
    Material Weakness
  • 1511 2022-004
    Significant Deficiency
  • 1512 2022-005
    Significant Deficiency
  • 577951 2022-002
    Material Weakness
  • 577952 2022-003
    Material Weakness
  • 577953 2022-004
    Significant Deficiency
  • 577954 2022-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $664,554
20.205 Highway Planning and Construction $120,071