FAC Explorer

Finding 8279 (2023-002)

Significant Deficiency Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-01-11
Audit: 11003
Organization: Isothermal Planning and Development Commission (NC)
Auditor: Anderson Smith & Wike PLLC

AI Summary

  • Core Issue: Audited financial information for the period ending June 30, 2022, was not submitted to HUD on time.
  • Impacted Requirements: This is a violation of HUD's financial reporting standards as outlined in 24 CFR 5.801.
  • Recommended Follow-Up: Management should implement measures to ensure timely future submissions to avoid repeat violations.

Finding Text

Criteria: Entities that administer the Housing Choice Voucher Program must submit audited financial information annually to the Department of Housing and Urban Development (HUD) in accordance with 24 CFR 5.801 – uniform financial reporting standards. Audited financial information must be submitted to HUD electronically through HUD’s Real Estate Assessment Center (REAC) website, and the submission of this information to HUD must take place within nine months of the entity’s fiscal year end. Condition: Audited financial information for the period ending June 30, 2022 was not submitted to HUD through the REAC website within the required time-frame. Effect: FRC is in violation of HUD financial reporting requirements. Cause: Oversight. Identification of a Repeat finding: This is a repeat finding from the immediate past audit. Questioned Cost: None. Recommendation: We recommend that management ensures future submissions are completed on a timely basis. Management Response: Management agrees with this finding and recommendation.

Corrective Action Plan

FRC has contracted with an independent CPA to complete the electronic filing of the 2023 audited financial information to HUD, which will be done as soon as the 2022 audited financial information and 2023 unaudited financial information is accepted by HUD.

Categories

HUD Housing Programs Reporting

Other Findings in this Audit

  • 584721 2023-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $6.29M
17.258 Wia Adult Program $600,112
17.259 Wia Youth Activities $495,891
93.667 Social Services Block Grant $246,065
93.053 Nutrition Services Incentive Program $156,211
93.052 National Family Caregiver Support, Title Iii, Part E $137,458
14.000 Emergency Housing Vouchers - Hap $119,764
93.044 Special Programs for the Aging_title Iii, Part B_grants for Supportive Services and Senior Centers $79,248
93.045 Special Programs for the Aging_title Iii, Part C_nutrition Services $69,801
11.302 Economic Development_support for Planning Organizations $67,868
17.280 Workforce Investment Act (wia) Dislocated Worker National Reserve Demonstration Grants $66,622
17.278 Wia Dislocated Worker Formula Grants $50,000
14.896 Family Self-Sufficiency Program $31,399
23.009 Appalachian Local Development District Assistance $27,738
14.239 Home Investment Partnerships Program $27,386
23.002 Appalachian Area Development $23,184
93.043 Special Programs for the Aging_title Iii, Part D_disease Prevention and Health Promotion Services $22,086
20.205 Highway Planning and Construction $20,000
14.000 Emergency Housing Vouchers - Administrative $13,079
14.000 Emergency Housing Vouchers - Services $8,846
14.231 Emergency Solutions Grant Program $6,830
21.027 Coronavirus State and Local Fiscal Recovery Funds $5,663
93.041 Special Programs for the Aging_title Vii, Chapter 3_programs for Prevention of Elder Abuse, Neglect, and Exploitation $3,670
93.791 Money Follows the Person Rebalancing Demonstration $915
93.042 Special Programs for the Aging_title Vii, Chapter 2_long Term Care Ombudsman Services for Older Individuals $662