The Hoboken Housing Authority, Hoboken, New Jersey, Requires Improved Controls Over Its Capital Fund Program and Cash Disbursement Process
What We Audited and Why Based on an Office of Inspector General (OIG) risk analysis, we audited the Hoboken Housing Authority's (Authority) Public Housing Capital Fand (capital fund) program and its disbursement process. The audit objectives were to determine whether (1) the Authority administrated its capital grant program in accordance with applicable U.S. Department of Housing and Urban Development (HUD) laws and regulations and (2) payments to the City of Hoboken (City) for police services were reasonable and supported.