Finding Text
Statement of Condition – For the Housing Choice Voucher Program, we reviewed the budget for spending authorizations. During this review, it was discovered that the Authority had not budgeted for $1,578 in program expenditures for the year ended March 31, 2023. This resulted in unfavorable budget variances within the program.
Criteria – HUD states that the Authority must budget appropriately for all expenditures.
Effect – This violation resulted in an overspending.
Cause – The Authority did not follow proper budgeting procedures.
Recommendation – The Authority should review budget versus actual expenditures on a regular basis and should amend the budget as spending needs arise.
Views of responsible officials and planned corrective actions – The Authority agrees with this finding. Budget amendments will be adopted prior to making expenditures that exceed budgeted amounts. Please refer to the corrective action plan on page 78.