Finding 498651 (2023-002)

Material Weakness
Requirement
B
Questioned Costs
-
Year
2023
Accepted
2024-09-26

AI Summary

  • Issue: Prior year's vendor invoices were incorrectly recorded in the current year, with five exceptions found.
  • Trend: Lack of approval on vendor invoices is a recurring problem, with nineteen exceptions noted.
  • Follow-up: Review and improve the invoice approval process to prevent future discrepancies.

Finding Text

During our testing of cash disbursements, we noted the following: 1.      The prior year's vendor’s invoices were recorded in the current year's books and records. Five (five) exceptions were noted. 2.      No approval on the vendor’s invoice. Nineteen (19) exceptions were noted.

Corrective Action Plan

The Corporation will adhere to HUD Disbursement Control procedures for approving payments and recording vendors’ invoices in the correct accounting period.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 498648 2023-001
    Material Weakness
  • 498649 2023-001
    Material Weakness
  • 498650 2023-001
    Material Weakness
  • 498652 2023-003
    Material Weakness
  • 498653 2023-003
    Material Weakness
  • 498654 2023-003
    Material Weakness
  • 498655 2023-004
    Material Weakness
  • 498656 2023-004
    Material Weakness
  • 498657 2023-004
    Material Weakness
  • 498658 2023-005
    Material Weakness
  • 498659 2023-005
    Material Weakness
  • 498660 2023-005
    Material Weakness
  • 1075090 2023-001
    Material Weakness
  • 1075091 2023-001
    Material Weakness
  • 1075092 2023-001
    Material Weakness
  • 1075093 2023-002
    Material Weakness
  • 1075094 2023-003
    Material Weakness
  • 1075095 2023-003
    Material Weakness
  • 1075096 2023-003
    Material Weakness
  • 1075097 2023-004
    Material Weakness
  • 1075098 2023-004
    Material Weakness
  • 1075099 2023-004
    Material Weakness
  • 1075100 2023-005
    Material Weakness
  • 1075101 2023-005
    Material Weakness
  • 1075102 2023-005
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $4.74M
14.195 Section 8 Housing Assistance Payments Program $106,297