Finding Text
Criteria - Reporting: Compliance Requirement ? Within 90 days following the end of each fiscal year the project owners must submit to HUD financial information derived from the audited financial statements electronically to HUD via the Internet (24 CFR 5.801). Condition: The financial information was not submitted to HUD within the 90 days following the end of fiscal year. Effect: The Project is not in compliance with 2 CFR 5.801. Context: The financial information was not filed timely. Cause: The financial statements were not finalized by the due date. Recommendation: The financial information should be filed as soon as possible. Views of Responsible Officials and Planned Corrective Actions: The Organization agrees with the finding and will file the report.