Finding Text
Real Property Reporting
Fiscal year finding initially occurred: 2022
CONDITION: Bossier Office of Community Services, Inc. did not file a Real
Property Status Report (SF-429) for the grant year ending on January 31, 2022.
CRITERIA: 45 CFR section 75.343 – Reporting on real property, requires non-
Federal agencies to submit reports at least annually on the status of real property in
which the Federal Government retains an interest, unless the Federal interest in real
property extends fifteen years or longer.
CAUSE: Preparation and filing of the Real Property Status Reports (SF-429) did not
occur due to significant financial management staff turnover during the first quarter of
FY 22.
EFFECT: By not receiving complete and accurate grant program reports, the Federal
grantor agency may be prevented from making timely, informed decisions about the
grant program operations.
RECOMMENDATION: Management should develop and implement procedures to
ensure that complete and accurate Real Property Status Reports are prepared,
reviewed, and submitted in a timely manner.