Finding Text
Section II – Financial Statement Findings Section III - Federal Award Findings and Questioned Costs Material Weakness Public and Indian Housing – CFDA 14.850 Housing Choice Voucher – CFDA 14.871 Finding 2023-003 Allowable Costs Criteria: Per 2 CFR 200.405, the Authority is required to develop, document, and adopt a Cost Allocation Plan for all federally funded programs. Statement of Condition: The Authority did not have an official Cost Allocation Plan adopted by the Board during the year. Accordingly, the Authority did not allocate shared costs among its programs using a reasonable and documented basis. Questioned Cost: N/A Cause: Lack of a proper Cost Allocation Plan. Effect: The Authority did not have a consistent methodology to allocate costs between programs. Identification of a repeat finding: No Recommendation: The Board and management should prepare and adopt a Cost Allocation Plan to be used to share costs between all federally funded programs. Views of responsible officials and planned corrective actions: The Authority agrees with this finding. The Authority has adopted a Cost Allocation Plan which is being used to allocate shared costs.