Finding 481112 (2023-002)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-08-15

AI Summary

  • Core Issue: Identity of Interest forms were outdated during the audit period.
  • Impacted Requirements: Internal controls may fail to ensure compliance with loan programs #10.415 and #10.447.
  • Recommended Follow-Up: Adams County Housing Authority should monitor and update compliance requirements regularly.

Finding Text

2023-002 Identity of Interest Forms Not Current (Loan Programs #10.415 and #10.447) Condition: Identity of Interest forms were not current during the year under audit. Effect: Adam's County Housing Authority's system of internal control may not prevent, detect, or correct noncompliance with applicable programs. Cause: The Identity of Interest forms were not updated and approved by Rural Development when expired. Criteria: Adams County Housing Authority must monitor compliance requirements and update forms as needed. Auditor Recommendation: Adams County Housing Authority track compliance requirements to ensure Identity of Interest forms are updated timely. Auditee Response: All Identity of Interest forms have been updated in 2024.

Categories

Matching / Level of Effort / Earmarking Internal Control / Segregation of Duties

Other Findings in this Audit

  • 481111 2023-002
    Significant Deficiency
  • 1057553 2023-002
    Significant Deficiency
  • 1057554 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
10.447 The Rural Development (rd) Multi-Family Housing Revitalization Demonstration Program (mpr) $1.62M
10.415 Rural Rental Housing Loans $1.12M
10.427 Rural Rental Assistance Payments $129,774
10.437 Interest Assistance Programs $28,816