Finding Text
Federal Program
U.S. Department of Housing and Urban Development AL #14.871 – Material Weakness
Criteria
The Uniform Guidance requires all entities that expend in excess of $750,000 to file audited
financial statements within 9 months of year-end.
Condition
The Authority’s June 30, 2022 audited financial statements were not filed with the Federal Audit
Clearinghouse within nine months of the Authority’s year-end.
Cause
Reconciliations were not performed in a timely manner to allow for all auditing procedures to be
performed in time to submit the report within the prescribed requirements.
Questioned Costs
None
Context
N/A
Effect
The Authority is not in compliance with Uniform Guidance requirements.
Recommendation
We recommend that the Authority ensure records are reconciled and available for audit within a
timely manner after fiscal year end.
Repeat Finding
This is a repeat finding of 2021-004
Views of Responsible Officials
Management recognizes the deficiency and is working with HUD officials and a fee account.