Finding Text
FINDING #2021-003 LATE FILING WITH FEDERAL AUDIT CLEARINGHOUSE
Type of Finding: Other
Program: The Federal Program is HOME Investment Partnership Program (Assistance Listing 14.239) issued by the U.S. Department of Housing and Urban Development passed through to Louisiana Housing Finance Agency.
Condition: The property did not file its annual data collection form with the Federal Audit Clearing House Census Bureau within the required time frame.
Criteria: The Federal Audit Clearing House Census Bureau requires that non-profit organizations, subject to a single audit, file a data collection form within nine months of the organizations fiscal year-end or 30 days after the audit is released, whichever is sooner.
Effect: The property is in violation of the Federal Audit Clearing House Census Bureau’s requirements.
Cause: The property did not pay its’ prior year audit fee in a timely manner causing the December 31, 2021 audit to be delayed.
Recommendation: We recommend that the property comply with all continuing compliance requirements and ensure that the data collection form is submitted by the required deadline in the future.
Views of Responsible Officials and Planned Corrective Action: Management will comply with this recommendation in the future.
This is a repeat finding originally reported as item #2020-002.