FAC Explorer

Finding 973171 (2022-018)

Material Weakness Repeat Finding
Requirement
B
Questioned Costs
-
Year
2022
Accepted
2024-05-15
Audit: 306360
Organization: Housing Authority of the City of Fayetteville (IL)
Auditor: Barrale Renshaw CPAS and Advisors LLC

AI Summary

  • Core Issue: The Fayetteville Housing Authority could not find receipts for credit card purchases, impacting audit verification.
  • Impacted Requirements: Missing documentation prevents accurate financial statement assessments and compliance with federal audit standards.
  • Recommended Follow-Up: Management should improve record-keeping practices to ensure all transaction receipts are securely maintained.

Finding Text

2022-018 Missing Documentation - Receipts for Credit Card Purchases Federal Awards: 14-850 Public and Indian Housing Low Rent Program Criteria: Requested information should be readily available for audit examination. Condition: The Fayetteville Housing Authority was unable to locate some receipts to credit card purchases for audit examination. Questioned Costs: Undetermined due to missing documentation. Effect: We are unable to determine the accuracy of the financial statement amounts due to lack of supporting documentation. Cause: Prior management of the Fayetteville Housing Authority did not secure all the required receipts for supporting documentation. Recommendation: We recommend the Fayetteville Housing Authority's management place a greater emphasis in safe keeping its records to ensure all receipts for every transaction is accounted for.

Categories

Procurement, Suspension & Debarment HUD Housing Programs

Other Findings in this Audit

  • 396719 2022-008
    Material Weakness Repeat
  • 396720 2022-009
    Material Weakness Repeat
  • 396721 2022-010
    Material Weakness Repeat
  • 396722 2022-011
    Material Weakness Repeat
  • 396723 2022-012
    Material Weakness Repeat
  • 396724 2022-013
    Significant Deficiency Repeat
  • 396725 2022-014
    Significant Deficiency Repeat
  • 396726 2022-015
    Material Weakness Repeat
  • 396727 2022-016
    Material Weakness Repeat
  • 396728 2022-017
    Significant Deficiency Repeat
  • 396729 2022-018
    Material Weakness Repeat
  • 396730 2022-019
    Material Weakness Repeat
  • 396731 2022-020
    Significant Deficiency Repeat
  • 396732 2022-021
    Significant Deficiency Repeat
  • 973161 2022-008
    Material Weakness Repeat
  • 973162 2022-009
    Material Weakness Repeat
  • 973163 2022-010
    Material Weakness Repeat
  • 973164 2022-011
    Material Weakness Repeat
  • 973165 2022-012
    Material Weakness Repeat
  • 973166 2022-013
    Significant Deficiency Repeat
  • 973167 2022-014
    Significant Deficiency Repeat
  • 973168 2022-015
    Material Weakness Repeat
  • 973169 2022-016
    Material Weakness Repeat
  • 973170 2022-017
    Significant Deficiency Repeat
  • 973172 2022-019
    Material Weakness Repeat
  • 973173 2022-020
    Significant Deficiency Repeat
  • 973174 2022-021
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
14.850 Public and Indian Housing $686,857
14.U03 Component Unit- Blended $285,926
14.871 Section 8 Housing Choice Vouchers $72,983
14.U02 Tenant Based Rental Assistance $30,150
14.879 Mainstream Vouchers $7,872
14.U01 Esg- Covid $3,976
14.850 Public Housing Cares Act Fund $414
14.872 Public Housing Capital Fund $0