Corrective Action Plan for Findings and Questioned Costs for Year Ended December 31, 2022
Corrective Action Plan Finding:
2022-001- Material Adjusting Journal Entries
Condition:
Various financial statements amounts including: prepaid expenses, federal awards revenues and federal award receivables were either misstated or improperly recorded at year-end. As a result of the audit procedures performed, material audit adjustments were required to be recorded.
Corrective Action Planned:
Adjustments determined to be one-time errors due to the difficult working conditions through the pandemic and due to limited staff. Management has employed an additional administrative support staff employee during the current year. Management does not expect issues related to these accounts moving forward.
Person responsible for corrective action:
Larry Pippins, Executive Director Telephone: (256) 232-5300 x 8
Tina Watkins-Toney, Property Manager
Anticipated Completion Date:
Management believes the issues to be rectified as it relates to the material audit adjustments as of the report date.
2022-002- Determination of Contract Rents, Maintenance of Tenant Files
Condition:
Eligibility recertification procedures required as a part of the annual recertification have not been performed or not performed sufficiently for tenants housed as of December 31, 2022.
Corrective Action Planned:
Management employed an additional administrative support employee to assist in performing updated annual recertifications. Staff has worked diligently to get all tenants housed at the Housing Authority recertified with sufficient documentation. Management believes all issues with tenant files to be corrected as of the report date.
Person responsible for corrective action:
Larry Pippins, Executive Director Telephone: (256) 232-5300 x 8
Tina Watkins-Toney, Property Manager
Anticipated Completion Date:
Management believes files have been corrected as of the 2022 year-end audit report date.