FAC Explorer

Finding 372637 (2021-002)

Material Weakness Repeat Finding
Requirement
A
Questioned Costs
-
Year
2021
Accepted
2024-03-06
Audit: 293714
Organization: Housing Authority of the City of Annapolis (MD)
Auditor: Barbacane Thornton & Company LLP

AI Summary

  • Answer: The Authority needs to find more non-federal funding or cut costs.
  • Trend: Ongoing operations are at risk due to insufficient cash flow.
  • List: Explore new funding sources or implement cost-saving measures.

Finding Text

Recommendation: We recommend that the Authority locate additional sources of non-federal funds or reduce costs sufficiently so that the program can have enough cash to cover ongoing operations.

Corrective Action Plan

We are reviewing the cost allocation procedures between the various programs to ensure the COCC is not covering allowable and allocable federal expenses.

Categories

Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 372638 2021-002
    Material Weakness Repeat
  • 949079 2021-002
    Material Weakness Repeat
  • 949080 2021-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.872 Public Housing Capital Fund $5.01M
14.850 Public and Indian Housing $460,209
14.871 Section 8 Housing Choice Vouchers $233,681
14.218 Community Development Block Grants/entitlement Grants $135,536
14.896 Family Self-Sufficiency Program $79,358
14.870 Resident Opportunity and Supportive Services - Service Coordinators $69,171