Finding Text
Finding Number 2023-004 Internal Controls and Compliance Reporting, United States Department of Housing and Urban Development, Economic Development Initiative, Community Project Funding Grants, ALN 14.251, January 1, 2023 through December 31, 2023 (Material Weakness).
Statement of Condition:
The Organization did not submit all reports required by the program.
Questioned Costs:
None.
Criteria:
The Organization did not submit performance reports, with attached financial information, as required by the program.
Cause:
The Organization did not have adequate controls in place ensuring the reports were prepared, reviewed, and submitted timely.
Effect:
With the required reports not being submitted, the Organization is not in compliance with the reporting standards set by the program.
Recommendation:
We recommend the Organization create and implement controls to ensure the required reports are prepared, reviewed, and submitted timely.
Management Response:
Management agrees with the finding. Controls are being implemented over the reporting process, and the late reports will be submitted.