Finding Text
Federal Program
U.S. Department of Housing and Urban Development AL #14.871 – Significant Deficiency
Criteria
The Uniform Guidance requires all entities that expend in excess of $750,000 to file audited
financial statements within 9 months of year-end.
Condition
The Authority’s December 31, 2021 audited financial statements were not filed with the Federal
Audit Clearinghouse within 9 months of the Authority’s year-end.
Questioned Costs
None
Context
N/A
Effect
The Authority is not in compliance with Uniform Guidance requirements.
Cause
The financial statements were not completed within the 9-month window which delayed the
submission to the Federal Audit Clearinghouse.
Repeat Finding
Not a repeat finding.
Recommendation
We recommend the Authority ensures reconciliations are prepared in a timely manner to allow
for an efficient audit process.
Views of Responsible Officials
Management recognizes the deficiency and plans to implement the auditor’s recommendation.