Finding 957069 (2022-002)

- Repeat Finding
Requirement
P
Questioned Costs
-
Year
2022
Accepted
2024-03-15
Audit: 295389
Organization: Housing Commission of Talbot (MD)
Auditor: Sb & Company LLC

AI Summary

  • Core Issue: The Data Collection Form and Financial Data Schedule were not submitted on time, missing the September 30, 2023 deadline.
  • Impacted Requirements: Timely and accurate submission of financial reports is the auditee's responsibility, which was not met.
  • Recommended Follow-Up: The Commission should create procedures to ensure future submissions meet deadlines.

Finding Text

Criteria It is the auditee’s responsibility to ensure that the Data Collection Form and Financial Data Schedule (FDS) are submitted timely and accurately. The due date for the data collection form is the earlier of 30 days after receipt of the audit report or nine months after the Commission’s yearend, and the due date for the FDS submission is nine months after the Commission’s year-end. Condition The Data Collection Form for the year ended December 31, 2022, was due for submission to the Federal Audit Clearing House by September 30, 2023 (nine months after the Commission yearend) and was not submitted by that date. Additionally, the FDS submission for the year ended December 31, 2022 was due for submission to HUD by the deadline of September 30, 2023 and was not submitted by that date. Questioned Costs None. Cause The Commission has not implemented the processes and controls over its finance function needed to prepare accurate and timely financial information that can be used to complete the Data Collection Form and FDS. Effect Because of the late submission of the audit reports, the reporting package and FDS was not made available to users in a timely manner. Recommendation We recommended that the Commission develop procedures to ensure that future reporting packages and FDS reports are submitted by the respective deadlines.

Categories

HUD Housing Programs Reporting

Other Findings in this Audit

  • 380626 2022-001
    Material Weakness Repeat
  • 380627 2022-002
    - Repeat
  • 380628 2022-003
    - Repeat
  • 380629 2022-001
    Material Weakness Repeat
  • 380630 2022-002
    - Repeat
  • 380631 2022-003
    - Repeat
  • 380632 2022-001
    Material Weakness Repeat
  • 380633 2022-002
    - Repeat
  • 380634 2022-001
    Material Weakness Repeat
  • 380635 2022-002
    - Repeat
  • 957068 2022-001
    Material Weakness Repeat
  • 957070 2022-003
    - Repeat
  • 957071 2022-001
    Material Weakness Repeat
  • 957072 2022-002
    - Repeat
  • 957073 2022-003
    - Repeat
  • 957074 2022-001
    Material Weakness Repeat
  • 957075 2022-002
    - Repeat
  • 957076 2022-001
    Material Weakness Repeat
  • 957077 2022-002
    - Repeat

Programs in Audit

ALN Program Name Expenditures
14.871 Section 8 Housing Choice Vouchers $1.18M
14.872 Public Housing Capital Fund $216,245
14.850 Public and Indian Housing $114,839
14.871 Covid 19 - Section 8 Housing Choice Vouchers $21,113