Finding Text
Section III ? Federal Award Findings and Questioned Costs Material Weakness Finding 2022-002 Reporting Criteria: Upon completion of a Capital Fund project year, the housing authority is required to submit and Actual Modernization Cost Certificate (AMCC) showing documentation to close out the project year. HUD uses this AMCC to determine if the Modernization grant is ready to be closed out. Statement of Condition: As of the date of this report, the housing authority has not submitted the Actual Modernization Cost Certificate for the modernization grant years of 2016-2019, all grants that have been spent as of June 30, 2022. Questioned Cost: None Cause: Unfamiliarity with the closeout process. Effect: The housing authority is not in compliance with reporting requirements for the Capital Fund grants. Identification of a repeat finding: Yes Recommendation: Immediately complete all Actual Modernization Cost Certificates for the grant years that have been spent. Views of responsible officials and planned corrective actions: We will prepare the Actual Modernization Cost Certificates for all grant years that have been completed.