Finding 966873 (2023-007)

Material Weakness

Requirement

Questioned Costs

Year

2023

Accepted

2024-03-30

Audit: 301229

Organization: Housing Authority of the City of Salina (KS)

Auditor: Audit Solutions LLC

AI Summary

Answer: The account has a significant under-funding issue, leading to a net deficit.
Trend: This under-funding has been a recurring problem, indicating a need for better financial management.
List: Follow up by reviewing funding sources, assessing cash flow, and developing a plan to address the deficit.

Under-funded Account Balance (Section 8 Administrative Equity Net Deficit and cash restricted underfunded)

ALN	Program Name	Expenditures
14.871	Section 8 Housing Choice Vouchers	$1.89M
14.872	Public Housing Capital Fund	$895,330
14.879	Mainstream Vouchers	$295,785
14.850	Public and Indian Housing	$262,861
14.238	Shelter Plus Care	$21,639
14.239	Home Investment Partnerships Program	$17,215
14.870	Resident Opportunity and Supportive Services - Service Coordinators	$15,693