Finding Text
Findings reference number: 2022-001 Title and CFDA Number of Federal Program: Section 811 Capital Advance, CFDA 14.181 Type of finding: Federal Award (Compliance) Resolution Status: In process Population size: N/A Sample size: N/A Repeat finding: No Criteria: Reports to HUD and the Federal Audit Clearinghouse must be filed on a timely basis. Condition: The electronic submission to REAC for the year ended August 31, 2021 was not filed by the due date. Cause: The year end accounting and auditing work was temporarily suspended due to lack of funds. Effect: The Project may be penalized for filing the report late. Noncompliance code: Z. Other. Questioned costs: N/A. Reporting views of officials: Auditee agrees with the finding. Contract Number: 114HD019 Context:The reports could not be filed in time due to the reasons stated above. Recommendation: Management should do everything possible to ensure reports are filed timely. Auditee's comments: Auditee agrees with the finding and has made efforts to provide all information needed for the audit and have the funds to pay for those services. In the future it will ensure that the REAC submissions are done timely. Auditors' summary of auditee's comments: They are in agreement. Completion date: 01/03/2022 Response: Management will implement proper procedures for timely reporting.