Finding Text
Finding 2023-002: Late Submission of Unaudited Data to REAC (Significant Deficiency)
Federal Agency: U.S. Department of Housing and Urban Development
Federal Program Title: Housing Voucher Cluster
Federal Assistance Listing Number: 14.871/14.879
Compliance Requirement: Reporting
Criteria: Per 2 CFR Section 902.33, the Authority is required to submit its unaudited Financial
Data Schedule (FDS) no later than 60 days after the PHA’s fiscal year end. If the FDS
submission is rejected by HUD, the Authority is required to re-submit its unaudited FDS within
15 days of the rejection date.
Condition: The Authority did not re-submit its unaudited financial data to the REAC by the
required due date.
Context: PHAs are required to submit an unaudited FDS to REAC within 2 months of fiscal
year end and re-submit within 15 days in the event HUD rejects the submission.
Effect: The Authority did not re-submit its unaudited FDS to REAC by the required due date.
Cause: The Authority did not have the proper controls in place to ensure the unaudited FDS was
re-submitted on time.
Repeat Finding: This is not a repeat finding.
Recommendation: The Authority should review and enhance its policies, procedures, and
internal controls to ensure the unaudited FDS is submitted by the required due date.
Views of Responsible Officials: The Authority agrees with the finding.