Finding 526402 (2024-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2025-03-10

Audit: 345328

Organization: Housing Authority of the City of Clarksville, Arkansas (AR)

Auditor: Donald E Curtis PLLC CPA

AI Summary

Answer: The team is investigating potential account coding errors in financial records.
Trend: There is a commitment to correct these issues and ensure accurate coding of CFP expenditures.
List: Expected resolution date for these deficiencies is June 30, 2025.

Finding Text

· Views of Responsible Officials and Planned Corrective Actions: We are researching our accounting records to determine if account coding errors have occurred and will make adjustments to our financials to ensure that CFP expenditures are coded to the correct program and account. We anticipate a complete resolution of these deficiencies by June 30, 2025.

Corrective Action Plan

Criteria or specific requirement: Period of Performance in accordance with 24 CFR 905. A PHA may drawdown funds as needed on a three-day turnaround basis to pay for approved work activities. The three-day turnaround means the PHA expends the funds drawn down from LOCCS within three business days.

Other Findings in this Audit

1102844 2024-001

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
14.872	Public Housing Capital Fund	$397,484
14.850	Public and Indian Housing	$352,939