Finding 2023-004 - Lack of Data Available to Audit Federal Compliance Requirements
Applicable to the Public Housing Capital Fund Program (Material Weakness, Potential Material
Noncompliance)
Public Housing Program-Assistance Listing No.14.872; Grant period-fiscal year ended March
31,2023
Condition: We did not attain sufficient supporting data in order to audit the Commission's compliance
with the Allowable Activities, Allowable Costs, Cash Management, Procurement and Special Tests and
Provisions compliance requirements applicable to the Capital Fund Program .
Contact person responsible for corrective action: Arturo Puckerin
Corrective action planned: The authority hired a new financial fee accountant to review the internal
controls and the state of the Authority's financials as of fiscal year 2023 forward. The authority was
able to correct the HUD REAC Financial Data Schedule for the audited financials for fiscal year 2023,
record the pension and other post-retirement employment benefits balances and begin work on
reconstructing the capital asset register. The authority has integrated proper financial and
accounting internal controls through the accounts payable, cash receipts, payroll and accounting
entries during fiscal year 2024. The authority has the financial fee accountant work with accounting
and program staff to ensure the financials are materially stated monthly, hud reporting is completed
on a timely basis with materially stated financial and operational information and the executive staff
is reviewing the appropriate financial information. The board approved the fiscal year 2025 budget
which was in balance and set the course for continued improvement of financial reporting and proper
internal controls over financial reporting. The Authority has reconciled the Capital fund accounting
activity to the respective Capital Fund approved budgets by active program years, reconciled
drawdowns and properly recorded the expenditures and drawdown by respective grant years and
applicability to Asset Management Properties.
Anticipated completion date: March 31, 2024