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Línea Directa

REPORTAR FRAUDE, DESPERDICIO O ABUSO
Agosto 07, 2018
  • Chief Financial Officer
2018-KC-0002

The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited HUD because we learned while doing unrelated audit work that funds HUD was entitled to would be turned over to a State as unclaimed property if they were not claimed.  This information led us to conduct searches on several States’ unclaimed property websites and find thousands of unclaimed funds listed in HUD’s name or other similar names.  HUD may not have been aware of these funds.  Our objective was to determine whether HUD located and recovered funds due to it as identified on States' unclaimed property websites.


We found that HUD did not locate and recover its funds held by State unclaimed property administrators.  As a result, HUD was lacking the benefit of its portion of $1.9 million collected by the U.S. Department of the Treasury and will be lacking the benefit of its portion of an additional $2.2 million in current unclaimed funds.


We recommend that HUD’s Deputy Chief Financial Officer (1) designate an unclaimed asset recovery official as required by the Treasury Financial Manual, (2) work with Treasury to identify and obtain reimbursement for the Federal Housing Administration’s and Government National Mortgage Association’s portion of the $1.9 million in HUD funds that Treasury collected, and (3) establish and implement policies and procedures to ensure that all of its unclaimed funds are claimed and the money is appropriately routed to put $2.2 million to better use.

Recommendations

Chief Financial Officer

  •  
    Status
      Open
      Closed
    2018-KC-0002-001-A
    Closed on Agosto 29, 2019

    Designate an unclaimed asset recovery official as required by the Treasury Financial Manual.

  •  
    Status
      Open
      Closed
    2018-KC-0002-001-B
    $1,946,286.00
    Questioned Costs

    Recommendations with questioned costs identify costs: (A) resulting from an alleged violation of a law, regulation, contract, grant, or other document or agreement governing the use of Federal funds; (B) that are not supported by adequate documentation (also known as an unsupported cost); or (C) that appear unnecessary or unreasonable.

    Closed on Abril 22, 2020

    Work with Treasury to identify and obtain reimbursement for FHA’s and Ginnie Mae’s portion of the $1.9 million in HUD funds that Treasury collected.

  •  
    Status
      Open
      Closed
    2018-KC-0002-001-C
    $2,156,191.00
    Funds Put to Better Use

    Recommendations that funds be put to better use estimate funds that could be used more efficiently. For example, recommendations that funds be put to better use could result in reductions in spending, deobligation of funds, or avoidance of unnecessary spending.

    Closed on Marzo 03, 2020

    Establish and implement policies and procedures to ensure that all of its unclaimed funds are claimed and the money is appropriately routed to put $2.2 million to better use. At a minimum, these policies and procedures should address what constitutes FHA and Ginnie Mae funds, ensure that these funds are returned to FHA or Ginnie Mae as appropriate, and include policies to claim co-owned funds with any appropriate thresholds or limitations.