Finding Text
Statement of Condition ? For the Public and Indian Housing program, we reviewed the budget for spending authorizations. During this review, it was discovered that the Authority had not budgeted for $75,247 in expenditures for the year ended December 31, 2022. This resulted in unfavorable budget variances within the program. Criteria ? HUD states that the Authority must budget appropriately for expenditures. Effect ? This violation resulted in an overspending. Cause ? The Authority did not follow proper budgeting procedures. Recommendation ? The Authority should review budget versus actual expenditures on a regular basis and should amend the budget as spending needs arise. Views of responsible officials and planned corrective actions: The Authority agrees with this finding. Budget amendments will be adopted prior to making expenditures that exceed budgeted amounts. Please refer to the corrective action plan on page 66.