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2018-CH-1006-003-E
Status
Cerrado
Date Issued
Septiembre 18, 2018
Closed Date
Diciembre 03, 2019
OIG Component Office
Audit
Implement adequate procedures and controls to ensure that capital funds are drawn down and disbursed in accordance with HUD’s requirements.
Program Office
Public and Indian Housing
Questioned Costs
$0.00
Better Funds Use
$0.00
Publication Report Number
2018-CH-1006

Related Recommendations

Recomendation Status Date Issued Summary
2018-CH-1006-001-A Cerrado Septiembre 18, 2018 Procure appropriate HUD-approved investment accounts and move all Federal funds from the STAR Ohio investment accounts to HUD-approved accounts to ensure that $20,706,862 or the current balance of the STAR Ohio accounts is properly protected.
2018-CH-1006-001-B Cerrado Septiembre 18, 2018 Implement adequate procedures and controls to ensure that the Authority complies with HUD’s requirements for its investments of Federal funds.
2018-CH-1006-001-C Cerrado Septiembre 18, 2018 Ensure that its staff is properly trained and familiar with HUD’s requirements to ensure that it properly procures and invests Federal funds in HUD-approved investment accounts.
2018-CH-1006-001-D Cerrado Septiembre 18, 2018 Ensure that the proceeds from the sale of Bollinger Tower proceeds are moved into a separate HUD-approved restricted investment account and appropriately recorded in a restricted account in the general ledger.
2018-CH-1006-001-E Cerrado Septiembre 18, 2018 Implement adequate policies and procedures to ensure that future proceeds from the disposition or sale of public housing are appropriately recorded and reported in the Authority’s books of record and annual audited financial statements and HUD’s Financial Data Schedule system.
2018-CH-1006-001-F Cerrado Septiembre 18, 2018 Ensure that its staff is appropriately trained and familiar with HUD’s requirements to ensure that proceeds from future dispositions or sales of public housing property or other HUD assets are appropriately recorded and reported.
2018-CH-1006-002-A Cerrado Septiembre 18, 2018 Determine the source of funds for the Waggoner Senior Housing note to ensure that the funds were loaned appropriately and that when payments are received, the payments are applied to the appropriate account. If the source of funds cannot be determined, the Authority should reimburse its program $261,990 from non-Federal funds.
2018-CH-1006-002-B Cerrado Septiembre 18, 2018 Ensure that the newly developed procedures are sufficient and fully implemented to ensure that the source of funds loaned is properly tracked and that payments received are applied to the appropriate accounts.
2018-CH-1006-003-A Cerrado Septiembre 18, 2018 Support the reasonableness of the $258,412 paid for contract M-1449 or reimburse its Capital Fund program from non-Federal funds.
2018-CH-1006-003-B Cerrado Septiembre 18, 2018 Support that the contract modification totaling $4,899 for contract number M-1449 was reasonable. The amount that cannot be shown to be reasonable should be reimbursed to its Capital Fund program from non-Federal funds.
2018-CH-1006-003-C Cerrado Septiembre 18, 2018 Implement adequate procedures and controls to ensure that it complies with HUD’s procurement requirements.
2018-CH-1006-003-D Cerrado Septiembre 18, 2018 Ensure that its staff is properly trained and familiar with HUD’s requirements to ensure that documentation necessary to support the reasonableness of contract costs is obtained and maintained.
2018-CH-1006-003-F Cerrado Septiembre 18, 2018 Implement adequate procedures and controls to ensure that it properly reports its expenditures and disbursements in LOCCS in accordance with HUD’s requirements.