Finding 554516 (2024-001)

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Requirement
L
Questioned Costs
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Year
2024
Accepted
2025-04-09

AI Summary

  • Issue: The entity missed the deadline for submitting last year's financial statements to the federal clearinghouse.
  • Requirements: Federal regulations mandate submission within nine months after the fiscal year-end.
  • Follow-up: Management should resolve the UEI discrepancy quickly and establish procedures to prevent future delays.

Finding Text

Condition: The audited entity did not submit its prior year's annual financial statements to the federal clearinghouse by the required deadline. Criteria: According to federal regulations, annual financial statements must be submitted to the federal clearinghouse within nine months of the fiscal year-end. Cause: The delay was due to a discrepancy with the Unique Entity Identifier (UEI). The name associated with the UEI did not match the name of the audited entity. Management has been unable to rectify this discrepancy despite efforts to resolve the issue. Effect: The late submission may result in non-compliance with federal regulations, potentially leading to penalties or other administrative actions. Recommendation: It is recommended that management work closely with the federal clearinghouse and relevant authorities to resolve the UEI discrepancy as soon as possible. Additionally, management should implement procedures to ensure that such discrepancies are identified and addressed well before submission deadlines in the future. Management Response: Management acknowledges the finding and is actively working to resolve the UEI discrepancy. Steps are being taken to ensure that future submissions are timely and compliant with federal regulations.

Corrective Action Plan

Corrective Action Plan Department of Housing and Urban Development Audit firm: Paciera, Gautreau & Priest, LLC, 3209 Ridgelake Drive, Suite 200, Metairie, LA 70002. Audit period: Year ended June 30, 2024 The findings from the June 30, 2024, schedule of findings and questioned costs are discussed below. The findings are numbered consistently with the number assigned in the schedule. Audit Finding number 2024-001 Condition: The audited entity did not submit its prior year’s annual financial statements to the federal clearinghouse by the required deadline. Criteria: According to federal regulations, annual financial statements must be submitted to the federal clearinghouse within nine months of the fiscal year-end. Cause: The delay was due to a discrepancy with the Unique Entity Identifier (UEI). The name associated with the UEI did not match the name of the audited entity. Management has been unable to rectify this discrepancy despite efforts to resolve the issue. Because of this discrepancy the auditor did not complete and submit the audit timely. Effect: The late submission may result in non-compliance with federal regulations, potentially leading to penalties or other administrative actions. Responsible Person: Cantrese Wilson-Jones, Executive Director Planned Action: Management acknowledges the finding and is actively working to resolve the UEI discrepancy. Steps are being taken to ensure that future submissions are timely and compliant with federal regulations. Anticipated completion date: It is anticipated that this will be completed before March 31, 2025. Yours truly, Housing Authority of the City of Westwego Cantrese Wilson-Jones Executive Director

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.850 Public Housing Operating Fund $1.24M
14.872 Public Housing Capital Fund $876,821
97.036 Disaster Grants - Public Assistance (presidentially Declared Disasters) $75,639
14.870 Resident Opportunity and Supportive Services - Service Coordinators $62,040