FAC Explorer

Finding 949079 (2021-002)

Material Weakness Repeat Finding
Requirement
A
Questioned Costs
-
Year
2021
Accepted
2024-03-06
Audit: 293714
Organization: Housing Authority of the City of Annapolis (MD)
Auditor: Barbacane Thornton & Company LLP

AI Summary

  • Answer: The Authority needs to find more non-federal funding or cut costs.
  • Trend: Ongoing operations are at risk due to insufficient cash flow.
  • List: Explore new funding sources or implement cost-saving measures.

Finding Text

Recommendation: We recommend that the Authority locate additional sources of non-federal funds or reduce costs sufficiently so that the program can have enough cash to cover ongoing operations.

Categories

Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 372637 2021-002
    Material Weakness Repeat
  • 372638 2021-002
    Material Weakness Repeat
  • 949080 2021-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.872 Public Housing Capital Fund $5.01M
14.850 Public and Indian Housing $460,209
14.871 Section 8 Housing Choice Vouchers $233,681
14.218 Community Development Block Grants/entitlement Grants $135,536
14.896 Family Self-Sufficiency Program $79,358
14.870 Resident Opportunity and Supportive Services - Service Coordinators $69,171