Finding Text
Timely Posting of Housing Assistance Payments and Adjustments Criteria: Supporting document should be accurate and reconcile to the general ledger accounts Condition/Context: The monthly Section 8 tenant payments and adjustments were not entered into the receivable system for several months. This resulted in an amount being reported in the supporting documentation as being owed for Section 8 payments when no amounts were owed. Cause: Payment information was not into the receivable system timely. Effect: The support for the receivable account in the general ledger did not match the supporting documentation. The supporting documentation indicated $ 500,154 was owed Carlisle Senior Housing Associates for unpaid Section 8 Program payments. After the report was corrected no amount was owed. Questioned Costs: None Repeat Finding: Not a repeat finding. Recommendation: Payments received for the Section 8 program should be entered into the receivable system on a monthly basis.