FAC Explorer

Finding 596582 (2022-004)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2023-04-26
Audit: 19120
Organization: Mississippi Regional Housing Authority No. V (MS)
Auditor: Cork Hill & CO LLC

AI Summary

  • Core Issue: The Authority lacks an independent entity to manage the twenty Project-Based Voucher (PBV) units.
  • Impacted Requirement: This deficiency affects compliance with HUD's financial management standards.
  • Recommended Follow-Up: Establish an independent management entity for the PBV units to ensure proper oversight and compliance.

Finding Text

Finding 2022-004 - HUD Financial Management Review (Significant Deficiency) Section 8 Housing Choice Voucher Program ? CFDA No. 14.871; Grant period ? year ended June 30, 2022 See Finding 2022-003 for HUD Financial Management Review Finding #7: The Authority does not have an independent entity to manage and operate the twenty PBV units owned by the Authority.

Categories

HUD Housing Programs Significant Deficiency

Other Findings in this Audit

  • 20140 2022-004
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.872 Public Housing Capital Fund $1.23M
14.850 Public and Indian Housing $196,670
14.871 Section 8 Housing Choice Vouchers $96,560