FAC Explorer

Finding 390429 (2023-005)

Material Weakness
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-03-30
Audit: 301229
Organization: Housing Authority of the City of Salina (KS)
Auditor: Audit Solutions LLC

AI Summary

  • Answer: There are weaknesses in our internal controls that could lead to financial reporting errors.
  • Trend: Recent audits show a pattern of non-compliance with established financial reporting standards.
  • List: Key actions needed include reviewing control processes, providing additional training, and implementing regular monitoring.

Finding Text

Internal Control Over Financial Reporting

Corrective Action Plan

To work with fee accountant in making the corrections necessary and recommended by the auditor.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 390430 2023-006
    Material Weakness
  • 390431 2023-007
    Material Weakness
  • 966871 2023-005
    Material Weakness
  • 966872 2023-006
    Material Weakness
  • 966873 2023-007
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $1.89M
14.872 Public Housing Capital Fund $895,330
14.879 Mainstream Vouchers $295,785
14.850 Public and Indian Housing $262,861
14.238 Shelter Plus Care $21,639
14.239 Home Investment Partnerships Program $17,215
14.870 Resident Opportunity and Supportive Services - Service Coordinators $15,693