Finding 518997 (2024-002)

Criteria or specific requirement: Financial Report Requirements required performance reports for required action plan to be submitted within 30 days of period end. Condition: The performance reports for the quarters ended June 30, 2023 and September 30, 2023 were submitted, but the Project was not able to support when. Questioned costs: None Context: During our testing, it was noted that the Project was not able to support the performance reports for the quarters referenced above were submitted within the required 30 days. Cause: Turnover in controller position lead to oversight of the requirement and maintenance of support. Effect: The quarterly report was not submitted in time in accordance with the Special Circumstances as defined in the HUD Handbook. Repeat finding: Yes Recommendation: We recommend the Project review controls to include processes to ensure timely submission. Views of responsible officials: There is no disagreement with the audit finding. Management believes all reporting has been cured because HUD acknowledged their compliance upon filing the quarter ended December 31, 2023 quarterly performance reports.