FAC Explorer

Finding 568856 (2024-007)

Significant Deficiency
Requirement
N
Questioned Costs
-
Year
2024
Accepted
2025-06-30
Audit: 360596
Organization: Springfield Metropolitan Housing Authority (OH)
Auditor: Kevin L Penn INC

AI Summary

  • Answer: Springfield Metropolitan Housing Authority needs to reconcile the security deposit liability account monthly.
  • Trend: Regular reconciliations help ensure compliance with HUD guidelines.
  • List: Follow up on monthly reconciliation process and ensure proper documentation is maintained.

Finding Text

In order to be in compliance with guidelines established by the Department of Housing and Urban Development, I recommend that Springfield Metropolitan Housing Authority, should perform a reconciliation of the security deposit liability account on a monthly basis.

Corrective Action Plan

Account will be reconciled and agreed to detail ledger. At YE balance will be agreed to FDS prior submission Training will be implemented to ensure completed.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 568855 2024-006
    Material Weakness
  • 568857 2024-008
    Significant Deficiency Repeat
  • 568858 2024-009
    Significant Deficiency Repeat
  • 1145297 2024-006
    Material Weakness
  • 1145298 2024-007
    Significant Deficiency
  • 1145299 2024-008
    Significant Deficiency Repeat
  • 1145300 2024-009
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $5.08M
14.850 Public Housing Operating Fund $3.17M
14.872 Public Housing Capital Fund $2.67M
14.879 Mainstream Vouchers $237,582
14.238 Shelter Plus Care $145,166
14.896 Family Self-Sufficiency Program $49,997