Finding Text
Low Rent Program-CDFA#14.850
Finding 2023-002-Section III Summary Report Not on File-Reporting
Criteria and Condition
A Section III Summary Report is required to be prepared annually. Currently it is not required to be sent to HUD. However, it is supposed to be available for third party review.
Context
Management asserts that they did not prepare the report for the audit year.
Effect
Federal regulations were not complied with.
Cause
Oversight by management.
Questioned Costs
None
Recommendation
The reports should be timely prepared annually. They should be available for third party review. View of Responsible Official
I am Rita Love, Executive Director and Designated Person to answer these audit findings. We will comply with the auditor’s recommendation.