Core Issue: Tenant income and expenses were not calculated correctly, leading to inaccuracies in rent portions.
Impacted Requirements: Compliance with HUD regulations regarding proper calculation of tenant income.
Recommended Follow-Up: Implement a procedure to ensure accurate calculation of tenant income and expenses.
Finding Text
Information on Universe Population Size : Population size was 56 files .
Sample Size Information : Ten tenant files were tested.
Criteria: HUD requires that tenant income has been calculated properly.
Condition: Tenant rent and tenant assistance were not correct.
Cause: Oversight by property manager.
Effect: Tenant portion and HUD portion of rent were inaccurate.
Context: Auditor selected tenant files to test the tenant eligibility, income and allowable
expenses and noted multiple files in which the income and/or expenses were not calculated
correctly.
Recommendation: A procedure be implemented to ensure that all tenant income and
expenses are calculated correctly.
Corrective Action Plan
Plan: A procedure will be implemented to ensure that all tenant income and expenses are calculated correctly. Anticipated Completion Date: 7/31/2023. Contact Duska Noel, Director of Housing and Michael Tabory, Chief Operating Officer.
Categories
EligibilityHUD Housing ProgramsInternal Control / Segregation of Duties