Finding 44824 (2022-001)

-
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-04-24

AI Summary

  • Core Issue: The Corporation failed to submit the Data Collection Form to the Federal Audit Clearinghouse on time for the year ended December 31, 2021.
  • Impacted Requirements: This non-compliance violates the Uniform Guidance, specifically Section 200.512, which mandates timely submission.
  • Recommended Follow-Up: Ensure future submissions of the Data Collection Form are made within the required timeframe to maintain compliance.

Finding Text

Finding reference number: #2022-001 CFDA title and number (federal award identification number and year): Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects, CFDA No. 14.155 (Project identification number 047-11056, 2007) Auditor non-compliance code: Z - Other Finding resolution status: Resolved Universe population size: The universe population size is not applicable to the finding. Statistically valid sample: Not applicable Name of federal agency: Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $-0- Was the sampling statistically valid: N/A Statement of condition of #2022-001 (CFDA No. 14.155): For the year ended December 31, 2021, the Corporation did not submit the Data Collection Form to the Federal Audit Clearinghouse in the time period required by Uniform Guidance. Criteria: Pursuant to the Uniform Guidance, the Corporation is required to submit the Data Collection Form to the Federal Audit Clearinghouse within the earlier of 30 calendar days after receipt of the auditor's report or 9 months after the entity's fiscal year end. Effect or potential effect: The Corporation is not in compliance with the Uniform Guidance Section 200.512 Cause: The Corporation did not submit the Data Collection Form within the required time period. Recommendation: The Corporation should submit the Data Collection Form to the Federal Audit Clearinghouse within the required time period. Completion date: October 11, 2022 Reporting response: Agreed. The Data Collection Form was submitted to the Federal Audit Clearinghouse on October 11, 2022, no further action is required.

Corrective Action Plan

Finding 2022-001: For the year ended December 31, 2021, the Corporation did not submit the Data Collection Form to the Federal Audit Clearinghouse in the time period required by Uniform Guidance. Comments on the Finding and Each Recommendation: The Corporation should submit the Data Collection Form to the Federal Audit Clearinghouse within the required time period. Management agrees to the finding and recommendation. Action(s) Taken or Planned on the Finding: The Data Collection Form was submitted to the Federal Audit Clearinghouse on October 11, 2022, no further action is required.

Categories

Procurement, Suspension & Debarment Subrecipient Monitoring HUD Housing Programs Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.74M
14.195 Section 8 Housing Assistance Payments Program $478,422