FAC Explorer

Finding 567623 (2024-006)

Material Weakness
Requirement
C
Questioned Costs
$1
Year
2024
Accepted
2025-06-26
Audit: 360171
Organization: York Housing Authority (NE)
Auditor: Core CPAS

AI Summary

  • Core Issue: There is a material weakness in cash management related to the Capital Fund Program, affecting compliance with federal requirements.
  • Impacted Requirements: This finding pertains to federal award identification and management, specifically under the U.S. Department of Housing and Urban Development.
  • Recommended Follow-Up: Review the corrective action plan on page 43 to address the questioned costs of $191,538 and ensure compliance moving forward.

Finding Text

Material Weakness in Cash Management Federal Award Identification Assistance Listing Program Title: Capital Fund Program Assistance Listing Program Number: 14.872 Federal Award ID Number and Year: NE26P094501-20, NE26P094501-22 Federal Agency: U.S. Department of Housing and Urban Development Criteria See Finding 2024-004 Condition See Finding 2024-004 Repeat Finding No Questioned Costs 191,538 Statistical Sample No Context See Finding 2024-004 Effect or Potential Effect See Finding 2024-004 Cause See Finding 2024-004 Recommendation See Finding 2024-004 Auditee Response/Corrective Action Plan: See page 43.

Corrective Action Plan

Finding 2024-006 The Authority has hired a new Executive Director in April of 2025. She is undertaking the process of learning the systems in place and adjusting them to meet the requirements of the program. The Authority has hired a consultant that has significant experience in HUD regulations to help guide them to implement the appropriate systems. Planned corrective actions are to be implemented immediately. The Authority has also hired a fee accountant that will work closely with them to get them on the right track with their accounting records.

Categories

Questioned Costs Cash Management Material Weakness

Other Findings in this Audit

  • 567622 2024-005
    Significant Deficiency
  • 1144064 2024-005
    Significant Deficiency
  • 1144065 2024-006
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.872 Public Housing Capital Fund $275,545
14.850 Public Housing Operating Fund $228,865
14.182 Lower Income Housing Assistance Program_section 8 New Construction/substantial Rehabilitation $117,046
14.871 Section 8 Housing Choice Vouchers $23,897