Finding 588242 (2023-001)

-
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-02-05

AI Summary

  • Core Issue: One tenant file lacked a signed EIV form, which is required for compliance.
  • Impacted Requirements: All tenant files must include a signed EIV form to meet regulatory standards.
  • Recommended Follow-up: Remind project personnel to ensure signed EIV forms are collected during tenant certification.

Finding Text

C. Findings and Questioned Costs - Major Federal Award Programs Audit DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FINDING 2023-001: SECTION 223 (f), ASSISTANCE LISTING NUMBER 14.155 Condition: One of the four tenant files tested did not contain a signed EIV form. Criteria: All tenant files should contain a signed copy of the EIV form. Effect: There is no financial effect. Context: A sample of tenant files were selected for testing tenant information in the process of computing the tenant share of monthly rent. The test found one file that didn't include a signed copy of the tenant's EIV form. The non compliance did not have a financial effect. The details and results of the sample are as follows: Population -33, Dollars - N/A, Sample -4, Dollars - N/A, Not in Compliance - 1, Dollars - N/A, Questioned Costs - None, Cause: The management company failed to obtain a signed copy of the EIV form during the certification process. Recommendation: Project personnel should be reminded that obtaining a signed EIV form is an important step in tenant management. Views of Responsible Officials and Planned Corrective Actions: The Project agrees with the finding. Management will be reminded to obtain a signed EIV form from the tenant. Questioned Costs - Department of Housing and Urban Development - $0, Non-compliance code - R

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.55M
14.195 Section 8 Housing Assistance Payments Program $287,000