Finding 386149 (2023-001)

Finding 2023-001 – Filing of Data Collection Form with the Federal Clearinghouse Condition: ProCAP Housing, Inc. did not timely file its Data Collection Form with the Federal Audit Clearinghouse for the year ended June 30, 2022. Criteria or Specific Requirement: As required by Uniform Guidance, ProCAP Housing, Inc. is required to submit its Data Collection Form the earlier of within 30 days the audited financial statements are available for release or within nine months of its year end. The Data Collection Form should have been filed by November 5, 2022. Cause: The filing of the Data Collection Form was delayed because of time needed to determine ProCAP Housing, Inc.’s Unique Entity Identifier, which is a required item in the submission of the Data Collection Form. Effect: The required Data Collection Form for the year ended June 30, 2022 was not timely submitted to the Federal Audit Clearinghouse. Questioned Costs: None Recommendation: The Data Collection Form for the year ended June 30, 2022 was filed with the Federal Audit Clearinghouse on November 9, 2022. We recommend that the sponsor timely certify and submit the Data Collection Form. View of Responsible Officials and Planned Corrective Action: ProCAP Housing, Inc.’s management agrees that the filing was not timely. The Data Collection Form for the year ended June 30, 2022 was filed with the Federal Audit Clearinghouse on November 9, 2022.