FAC Explorer

Finding 982387 (2023-002)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-07-02
Audit: 311505
Organization: Cleveland Housing Authority (TN)
Auditor: Scmo

AI Summary

  • Core Issue: The Authority failed to submit the required GAAP-based unaudited financial information to HUD on time for the 2023 audit.
  • Impacted Requirements: This violation pertains to 24 CFR section 5.801, which mandates timely electronic submissions of financial reports.
  • Recommended Follow-Up: Management should establish procedures to ensure future compliance with reporting deadlines.

Finding Text

In accordance with 24 CFR section 5.801 – Uniform Reporting Standards, PHAs are required to submit timely GAAP-based unaudited financial information electronically to HUD. The above requirement was not met for the 2023 audit During the audit, the auditor noted the unaudited FDS was filed but filed after the required due date. Due to the Authority's RAD transaction and the related audits to the new entities, the Authority was unable to complete the 2023 unaudited submission timely. The Authority was in violation of the Federal regulations relating to report submissions. We recommend that Management implement procedure to ensure compliance with the above regulations. Management Agrees

Categories

HUD Housing Programs Reporting

Other Findings in this Audit

  • 405945 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.872 Public Housing Capital Fund $4.28M
14.871 Section 8 Housing Choice Vouchers $1.67M
14.850 Public and Indian Housing $1.10M