We audited the City of New York, Office of Management and Budget’s administration of the Community Development Block Grant Disaster Recovery Assistance (CDBG-DR) funds awarded to the City as a result of damages caused by Hurricane Sandy.  This review was related to the disbursement of approximately $4 million in CDBG-DR funds pertaining to administration costs.   The objectives of the audit were to determine whether the City (1) disbursed CDBG-DR funds for its administration costs in accordance with the guidelines established under the U.S. Department of Housing and Urban Development (HUD)-approved action plan and amendments and applicable Federal requirements and (2) maintained a financial management system that adequately safeguarded the funds and prevented misuse.

City officials generally disbursed CDBG-DR funds for administration costs in accordance with the guidelines established under the HUD-approved action plan and amendments and applicable Federal requirements and had a financial management system in place that adequately safeguarded funds and prevented misuse.
There were no recommendations.