FAC Explorer

Finding 500371 (2023-004)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-09-30
Audit: 323134
Organization: Milton Housing Authority (MA)
Auditor: Dooley & Vicars CPAS LLP

AI Summary

  • Core Issue: The Authority did not submit audited financial statements to REAC on time, missing the 9-month deadline after the fiscal year end.
  • Impacted Requirements: Public Housing Authorities must submit these statements electronically within the specified timeframe to comply with HUD regulations.
  • Recommended Follow-up: Ensure new management understands the importance of meeting deadlines to prevent future issues.

Finding Text

Finding No. 2023-004 - Reporting; Significant Deficiency (All Federal Programs) CONDITION: The Authority failed to submit audited financial statements electronically into the Real Estate Assessment Center (REAC) within nine (9) months after its fiscal year end. CRITERIA: Public Housing Authorities are required to ensure that audited financial statements are electronically submitted to REAC within 9 months after its fiscal year end. QUESTIONED COSTS: The amount of questioned costs could not be determined. CONTEXT: The Authority lacked proper urgency and diligence to ensure that REAC deadlines were met. CAUSE: The overall cause was a lack of quality control in understanding the importance of meeting all deadlines required by HUD. EFFECT: The Authority was unable to submit the audited financial statements into REAC within the required deadline. RECOMMENDATION: No recommendation. This occurred under prior Authority management.

Corrective Action Plan

Finding No. 2023-004 - Reporting; Significant Deficiency (All Federal Programs) Auditee's Response and Planned Corrective Action The late filing of the 12-31-22 REAC occurred under prior Authority management. We expect the 12-31- 23 REAC to be filed on time. Person Responsible for Corrective Action: Earl Fay, Executive Director (617) 698-2169

Categories

HUD Housing Programs Reporting Significant Deficiency

Other Findings in this Audit

  • 500365 2023-001
    Significant Deficiency Repeat
  • 500366 2023-002
    Significant Deficiency Repeat
  • 500367 2023-003
    Significant Deficiency Repeat
  • 500368 2023-001
    Significant Deficiency Repeat
  • 500369 2023-002
    Significant Deficiency Repeat
  • 500370 2023-003
    Significant Deficiency Repeat
  • 500372 2023-004
    Significant Deficiency
  • 500373 2023-004
    Significant Deficiency
  • 500374 2023-005
    Significant Deficiency
  • 1076807 2023-001
    Significant Deficiency Repeat
  • 1076808 2023-002
    Significant Deficiency Repeat
  • 1076809 2023-003
    Significant Deficiency Repeat
  • 1076810 2023-001
    Significant Deficiency Repeat
  • 1076811 2023-002
    Significant Deficiency Repeat
  • 1076812 2023-003
    Significant Deficiency Repeat
  • 1076813 2023-004
    Significant Deficiency
  • 1076814 2023-004
    Significant Deficiency
  • 1076815 2023-004
    Significant Deficiency
  • 1076816 2023-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $2.92M
14.879 Mainstream Vouchers $526,069
14.896 Family Self-Sufficiency Program $90,000