Finding Text
Federal Program ? Housing Voucher Cluster 14.871 & 14.879 ? Significant Deficiency Criteria or Specific Requirement ? Financial Reports (OMB No. 2535-0107) ? Financial Assessment Subsystem, FASS-PH. The Uniform Financial Reporting Standards (24 CFR section 5.801) require PHAs to submit timely GAAP-based unaudited and audited financial information electronically to HUD. The FASS-PH system is one of HUD?s main monitoring and oversight systems for the HCVP. Condition ? We noted that the un-audited REAC was not submitted by the required deadline of February 28, 2023. Cause ? Time constraints on the Authority?s staff. Questioned Costs ? Not applicable Context ? We tested compliance and internal controls to see if the submission had been made. Effect ? The Authority is not in compliance with HUD reporting requirements. Recommendation ? We recommend that the Authority review the procedures and controls for submitting the un-audited REAC. Repeat Finding ? Yes ? see 2021-002. Views of Responsible Officials ? The Authority will publish time schedules internally for reporting and make sure staff are aware of deadlines.