FAC Explorer

Finding 385474 (2023-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-03-27
Audit: 298282
Organization: Ozarks Area Community Action Corporation (MO)
Auditor: Roberts McKenzie Mangan & Cummings

AI Summary

  • Answer: The FY2022 audited financial statements were submitted late to HUD REAC.
  • Trend: This delay may indicate ongoing issues with timely financial reporting.
  • List: Follow up by reviewing submission processes and implementing stricter deadlines to ensure future compliance.

Finding Text

Late submission of the FY2022 audited financial statements to the U.S. Department of Urban Housing (“HUD”) Real Estate Assessment Center (“REAC”).

Corrective Action Plan

Additional procedures will be established to help ensure timely filing of the audited financial statements to REAC.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 961916 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $3.29M