FAC Explorer

Finding 568857 (2024-008)

Significant Deficiency Repeat Finding
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 MHA should disburse Capital Funds within 3 business days of deposit.
  • Trend: This aligns with compliance guidelines from the Department of Housing and Urban Development.
  • List: Follow up to ensure timely disbursement of funds to maintain compliance.

Finding Text

In order to be in compliance with guidelines established by the Department of Housing and Urban Development, I recommend that Springfield MHA, disburse Capital Funds received, within 3 business days of funds being deposited into Authority’s bank account from LOCCS.

Corrective Action Plan

All CFP invoices are to be reviewed and clearly marked as approved and documented to show that the source of funds for payment. Funds will be drawn. After funds are deposited AP will pay within three (3) business days either through check or ACH. Training will be implemented to ensure completed.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 568855 2024-006
    Material Weakness
  • 568856 2024-007
    Significant Deficiency
  • 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