Finding Text
Federal Program U.S. Department of Housing and Urban Development AL #14.871 & 14.879 ? Significant Deficiency Grant Award No. MN164-Housing Choice Voucher & MN164-Mainstream Voucher Federal Award Year 2022 Criteria In accordance with Uniform Financial Reporting Standards (UFRS) (24 CFR section 5.801), the Authority must submit its unaudited Financial Data Schedule (FDS) electronically to the HUD Real Estate Assessment Center (REAC) within two months after its fiscal year end. Condition During our testing, it was noted that the Authority?s unaudited FDS was not submitted timely. Questioned Costs None Context N/A Effect The Authority is not in compliance with HUD reporting requirements. Cause Reconciliations were not performed in a timely manner to allow for all auditing procedures to be performed in a time to submit the report within the prescribed requirements. Repeat Finding Not a repeat finding. Recommendation We recommend that the Authority ensure records are reconciled and available within a timely manner to ensure the Authority?s compliance with reporting requirements. Views of Responsible Officials The Authority recognizes the deficiency and plans to implement the auditor?s recommendation.