The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General, audited the St. Louis Housing Authority in St. Louis, Missouri. Our objective was to determine whether the Authority took complete physical inventories and maintained adequate property records. We concluded that the Authority did not perform complete physical inventories in fiscal years 2006, 2007, or 2008 or reconcile the results of the inventories performed to its property records. In addition, it did not keep its property records up to date.

We recommended that the Public Housing Program Center Coordinator require the Authority to amend its inventory procedures to conform to regulatory requirements, perform a complete and accurate physical inventory in 2009, and reconcile the results to its property records.