Finding 977408 (2021-004)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2021
Accepted
2024-06-17
Audit: 309030
Organization: Gloversville Housing Authority (RI)
Auditor: Marcum LLP

AI Summary

  • Core Issue: The Authority failed to submit the required financial reports to HUD by the June 30, 2022 deadline.
  • Impacted Requirements: This noncompliance affects the Uniform Financial Reporting Standards and limits HUD's oversight capabilities.
  • Recommended Follow-Up: Strengthen internal controls to ensure timely filing of financial reports to prevent future occurrences.

Finding Text

2021-004 – REPORTING Material Weakness/Noncompliance U.S. Department of Housing and Urban Development CFDA #:14.871/ 14.879 – Housing Voucher Cluster CRITERIA Financial Reports (0MB No. 2535-0107) - Financial Assessment Sub- system, FASS-PH. The Uniform Financial Reporting Standards (24 CFR section 5.801) require PHAs to submit timely GAAP-based unaudited and audited financial information electronically to HUD. The FASSPH system is one of HUD's main monitoring and oversight systems for the HCVP. CONDITION The audited submission was required to be submitted to HUD by June 30, 2022. CAUSE The Authority’s internal control processes were not sufficient to ensure the timely filing of the unaudited FDS. EFFECT As a result of not submitting the FDS timely, HUD was limited in its ability to conduct monitoring and oversight of federal programs. QUESTIONED COSTS None identified. CONTEXT The Authority submits the unaudited FDS annually. Our testing of the reporting requirement was limited to the single occurrence of the annual filing. REPEAT FINDING See finding 2020-004.

Categories

HUD Housing Programs Internal Control / Segregation of Duties Subrecipient Monitoring Material Weakness Reporting

Other Findings in this Audit

  • 400958 2021-002
    Material Weakness Repeat
  • 400959 2021-002
    Material Weakness Repeat
  • 400960 2021-002
    Material Weakness Repeat
  • 400961 2021-002
    Material Weakness Repeat
  • 400962 2021-003
    Material Weakness Repeat
  • 400963 2021-003
    Material Weakness Repeat
  • 400964 2021-003
    Material Weakness Repeat
  • 400965 2021-003
    Material Weakness Repeat
  • 400966 2021-004
    Material Weakness Repeat
  • 400967 2021-004
    Material Weakness Repeat
  • 400968 2021-004
    Material Weakness Repeat
  • 400969 2021-004
    Material Weakness Repeat
  • 977400 2021-002
    Material Weakness Repeat
  • 977401 2021-002
    Material Weakness Repeat
  • 977402 2021-002
    Material Weakness Repeat
  • 977403 2021-002
    Material Weakness Repeat
  • 977404 2021-003
    Material Weakness Repeat
  • 977405 2021-003
    Material Weakness Repeat
  • 977406 2021-003
    Material Weakness Repeat
  • 977407 2021-003
    Material Weakness Repeat
  • 977409 2021-004
    Material Weakness Repeat
  • 977410 2021-004
    Material Weakness Repeat
  • 977411 2021-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.850 Public and Indian Housing $993,193
14.872 Public Housing Capital Fund $144,990
14.896 Family Self-Sufficiency Program $104,635
14.871 Section 8 Housing Choice Vouchers $16,916
14.879 Mainstream Vouchers $2,382