Finding Text
Public and Indian Housing Program - AL No. 14.850
Housing Voucher Cluster
Public Housing Capital Fund Program - AL No. 14.872
Significant Deficiency in Internal Control
Other matter required to be reported in accordance with Uniform Guidance
Repeated from 2021 audit (see prior year Finding No. 2021-001)
Condition: For the fiscal year end December 31, 2022, the Authority's unaudited financial data schedule was submitted 2 months late.
Context: The Authority’s unaudited financial data submission is required to be sent to the U.S. Department of Housing and Urban Development Real Estate Assessment Center (“REAC”) by March 1st of each fiscal year.
Criteria: In accordance with HUD rules and regulations, the Authority is required to have policies and procedures in place to ensure the submission of their unaudited financial information to REAC within 60 days after the fiscal year end, regardless of size and complexity of the agency.
Cause: The Authority’s internal controls that were in place did not prevent the Authority from missing the required due date.
Effect: The unaudited financial data was not submitted within the required time period for full points on REAC’s scoring methodology for all authorities. In addition, HUD could not provide timely financial oversight based on the unaudited REAC submission.
Auditor’s Recommendations: The Authority should continue to monitor current HUD reporting due dates and follow up on expiration dates for any current relied upon waivers. In addition, we recommend the Authority develop a process to track compliance with timely HUD reporting for future due dates.
View of Responsible Officials: See Corrective Action Plan.