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 Authority’s
yearend, and the due date for the FDS submission is nine months after the Authority’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 Authority year-end)
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 Authority 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 Authority develop procedures to ensure that future reporting packages
and FDS reports are submitted by the respective deadlines.