FAC Explorer

Finding 51935 (2022-003)

Significant Deficiency Repeat Finding
Requirement
N
Questioned Costs
-
Year
2022
Accepted
2023-09-28
Audit: 42993
Organization: Housing Authority of the City of Williston (ND)
Auditor: Brady Martz & Associates PC

AI Summary

  • Core Issue: The Authority did not secure depository agreements with financial institutions.
  • Impacted Requirements: This failure violates the compliance supplement and Uniform Guidance Standards.
  • Recommended Follow-Up: The Authority should establish depository agreements for all accounts to ensure compliance and safeguard federal funds.

Finding Text

Criteria: The compliance supplement used during single audit testing specifies that the Authority is required to enter into depository agreements with their financial institutions in order to be in compliance with Uniform Guidance Standards. Condition/Context: The Authority failed to obtain depository agreements with their financial institutions. Cause: The Authority failed to obtain depository agreements for all accounts with their financial institutions. Effect: The Authority's deposits of federal funds are not properly safeguarded as required by Uniform Guidance. Recommendation: We recommend the Authority enter into depository agreements with financial institutions for all accounts in order to comply with requirements of the compliance supplement.

Corrective Action Plan

Contact Person ? Heidi Johnson, Board President Corrective Action Plan ? Management will enter into depository agreements with financial institutions for all accounts in order to comply with requirements of the compliance supplement. Completion Date ? Effective immediately

Categories

No categories assigned yet.

Other Findings in this Audit

  • 51936 2022-003
    Significant Deficiency Repeat
  • 51937 2022-004
    Significant Deficiency Repeat
  • 51938 2022-004
    Significant Deficiency Repeat
  • 628377 2022-003
    Significant Deficiency Repeat
  • 628378 2022-003
    Significant Deficiency Repeat
  • 628379 2022-004
    Significant Deficiency Repeat
  • 628380 2022-004
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
10.415 Rural Rental Housing Loans $720,013
14.872 Public Housing Capital Fund $386,903
14.871 Section 8 Housing Choice Vouchers $381,813
14.850 Public and Indian Housing $367,015
14.195 Section 8 Housing Assistance Payments Program $280,530
14.879 Mainstream Vouchers $106,620
10.427 Rural Rental Assistance Payments $74,419