Finding Text
2022 ? 001 Federal Agency: U.S. Department of Housing and Urban Development Federal Program Name: Housing Voucher Cluster Assistance Listing Number: 14.871 Federal Award Identification Number and Year: TX441VO; 2022 Award Period: April 1, 2021 ? March 31, 2022 Type of Finding: ? Significant Deficiency in Internal Control over Compliance ? Other Matters Criteria or specific requirement: The Uniform Financial Reporting Standards (24 CFR section 5.801) require Public Housing Authorities (PHAs) to submit timely GAAP-based unaudited financial information electronically to HUD via the Real Estate Assessment Center (REAC) within 60 days of the PHAs fiscal year end. Condition: The unaudited financial data schedule (FDS) was not submitted to REAC by the deadline. Questioned costs: None Context: The unaudited FDS was submitted to HUD on July 20, 2022. Cause: The unaudited FDS was not prepared timely. Effect: The Authority is not in compliance with reporting requirements. Repeat Finding: No Recommendation: We recommend that the Authority implements a control to ensure timely reporting to HUD in accordance with applicable regulatory requirements. Views of responsible officials: There is no disagreement with the audit finding.