FAC Explorer

Finding 574084 (2024-003)

- Repeat Finding
Requirement
C
Questioned Costs
-
Year
2024
Accepted
2025-08-21
Audit: 364667
Organization: Municipal Housing Agency of Council Bluffs (IA)
Auditor: Core CPAS

AI Summary

  • Core Issue: There is a significant noncompliance with federal cash management regulations related to the Capital Fund Program.
  • Impacted Requirements: This finding is a repeat issue from last year, indicating ongoing problems with compliance.
  • Recommended Follow-Up: Review the corrective action plan on page 48 to ensure proper measures are taken to address the noncompliance.

Finding Text

FINDING 2024-003: Material Noncompliance with Federal Regulations - Federal Awards Compliance - Cash Management Federal Award Identification Assistance Listing Program Title: Capital Fund Program Assistance Listing Program Number: 14.872 Federal Award ID Number and Year: IA 01P023501-22 Federal Agency: U.S. Department of Housing and Urban Development Criteria See Finding 2024-001 Condition See Finding 2024-001 Repeat Finding Yes, Finding 2023-001 Questioned Costs $0 Context See Finding 2024-001 Effect or Potential Effect See Finding 2024-001 Cause See Finding 2024-001 Recommendation See Finding 2024-001 Auditee Response/ Corrective Action Plan See page 48.

Corrective Action Plan

Finding 2024-003 See response to finding 2024-001.

Categories

Cash Management

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $5.70M
14.850 Public Housing Operating Fund $650,187
14.872 Public Housing Capital Fund $594,903
14.879 Mainstream Vouchers $509,586
14.870 Resident Opportunity and Supportive Services - Service Coordinators $72,330
14.896 Family Self-Sufficiency Program $6,742