Finding 5631 (2022-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2023-12-19

AI Summary

  • Issue: The audit report for multiple HUD and Treasury programs was not submitted on time.
  • Impacted Requirements: The Housing Authority is out of compliance with 2 CFR 200.512 regarding audit report submission.
  • Recommended Follow-Up: Prepare for audits year-round and engage an experienced accountant for timely financial reporting.

Finding Text

14.862 HUD – ICDBG, 14.867 HUD – IHBG, 21.023 ERAP TREASURY; 21.026 HAF TREASURY; 2 CFR 200.512 Audit Report Submission The audit report has not been timely completed and submitted to the funding agency or the federal audit clearinghouse. The Housing Authority is out of compliance with required reporting. None identified The Housing Authority experienced turnover in key finance staff position. The Housing Authority should prepare for audit through-out the year and ready the financial reporting shortly after year-end; and continue to utilize the services of an experienced fee accountant to assist with preparing for audit.

Categories

HUD Housing Programs Reporting

Other Findings in this Audit

  • 5630 2022-001
    Significant Deficiency
  • 5632 2022-001
    Significant Deficiency
  • 5633 2022-001
    Significant Deficiency
  • 582072 2022-001
    Significant Deficiency
  • 582073 2022-001
    Significant Deficiency
  • 582074 2022-001
    Significant Deficiency
  • 582075 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.867 Indian Housing Block Grants $8.34M
21.026 Homeowner Assistance Fund $1.57M
21.023 Emergency Rental Assistance Program $1.46M
14.862 Indian Community Development Block Grant Program $995,673