Finding Text
Federal Reporting Deadline Not Met/ Unaudited Financial Data Schedule Not Submitted Timely (Material Weakness applicable to Major Programs, Material Noncompliance applicable to Major Programs, Other Matter applicable to Non-Major Programs)
Public Housing Program – Assistance Listing No. 14.850a, Section 8 Housing Choice Voucher Program – Assistance Listing No. 14.871, Capital Fund Program – Assistance Listing No. 14.872, Disaster Grants – Public Assistance (Presidentially Declared) – Assistance Listing No. 97.036; Grant period – Fiscal Year Ended September 30, 2023
Criteria
HUD’s Real Estate Assessment Center (REAC) requires receipt of the Unaudited Financial Data Schedule within two months of a public housing agency’s fiscal year-end.
Condition and Perspective
The Authority did not submit its Unaudited Financial Data Schedule to REAC within two months of its fiscal year-end. The Authority submitted its Unaudited Financial Data in June of 2024.
Cause
Delays with its fiscal year-end federal reporting process.
Effect
Noncompliance with REAC (federal) reporting requirements.
Questioned Costs – N/A
Recommendation
We recommend that the Authority complete and submit its Unaudited Financial Data Schedule to REAC within two months of its fiscal year-end.
Management’s Response
The Authority will complete and submit its Unaudited Financial Data Schedule to REAC within two months of its fiscal year-end. Erial Branch, Executive Director, has assumed the responsibility of assuring completion and submission of the Authority’s Unaudited Financial Data Schedule to REAC within two months of its fiscal year-end, and expects this instance of noncompliance to be resolved by November 30, 2024.