Finding 561415 (2024-002)

Noncompliance with Reporting (Public Housing Capital Fund ALN 14.872) Criteria: Federal Code of Regulations, CFR § 905.322 requires the Authority to submit an Actual Modernization Cost Certificate (AMCC HUD -53001) for each grant no later than 12 months after the expenditure deadline but no earlier than the obligation end date. Condition: During the year, the Authority had two grants that were 12 months or more past the expenditure end date, but the Authority had not submitted an AMCC. This included the Authority’s CFP grants 2017 and 2018. Questioned Costs: None. Effect: The Authority did not properly follow the requirements of CFR § 905.322. Cause: The Authority did not have an adequate understanding of the Capital Fund Program requirements as related to Reporting. Recommendation: The Authority’s staff should familiarize themselves with Capital Fund Program reporting requirements. Management Response: Management was unaware of the proper CFP reporting requirements for its capital fund program.