EIN: 136007019
UEI: NFMXM2DS1MK7
Data as of August 23, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on June 3, 2024. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by December 3, 2024 (628 days ago).
What is a management decision? →The interfund receivables and payables have not been repaid in several year. The balance continues to grow each year. Context: The Housing Choice Voucher Program's financial statement reflected a net interfund receivable of $3,350,212, representing more than 12 months of the program's monthly operating expenses. Cause: The Authority was not effectively monitoring and managing interfund program balances in order to ensure that program funds were not used for non-program purposes. Effect: The financial position of the Housing Voucher Program is at least temporarily impaired by the use of program funds for non-program purposes. Recommendations: We recommend that Authority utilize unrestricted cash reserves to repay the Housing Voucher Program and implement better cash management practices to eliminate future issues. Management Views: Management agrees with the finding see corrective action plan
Show full finding ▾Hide full finding ▴Criteria: PHAs may use Housing Choice Voucher program funds only for HAPs to participating owners, and for associated administrative fees (24 CFR section 982.151 and 982.152) Housing Assistance Payments(HAP) may not be used to cover administrative expense, nor may HAP (including RNP) be loaned, advanced, or transferred to other components units or other program. Condition: The interfund receivables and payables have not been repaid in several year. The balance continues to grow each year. Context: The Housing Choice Voucher Program's financial statement reflected a net interfund receivable of $3,350,212, representing more than 12 months of the program's monthly operating expenses. Cause: The Authority was not effectively monitoring and managing interfund program balances in order to ensure that program funds were not used for non-program purposes. Effect: The financial position of the Housing Voucher Program is at least temporarily impaired by the use of program funds for non-program purposes. Recommendations: We recommend that Authority utilize unrestricted cash reserves to repay the Housing Voucher Program and implement better cash management practices to eliminate future issues. Management Views: Management agrees with the finding see corrective action plan
inding 2023-007: lnterfund Balance Corrective Action: The software conversion to PHA-Web caused tremendous confusion and along with the inexperience of the prior fee accountants. This will be researched and corrected during FY 2024. Date Due: 6/30/2024 Person Responsible: Angela Farrish
2022-007
FAC accepted this audit on September 7, 2022 — management decision was due March 7, 2023.
2021-002 - REPORTING Other Matter/Significant Deficiency U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster CRITERIA Financial Reports (0MB No. 2535-0107) - Financial Assessment Sub- system, FASS-PH. The Uniform Financial Reporting Standards (24 CFR section 5.801) require PHAs to submit timely GAAP-based unaudited and audited financial information electronically to HUD. The FASSPH system is one of HUD's main monitoring and oversight systems for the HCVP. CONDITION The unaudited FDS was required to be submitted to HUD by September 15, 2021. The Authority submitted the FDS on October 8, 2021. CAUSE The Authority encountered technical issues with HUD REAC which prevented the timely submission of the FDS. EFFECT As a result of not submitting the FDS timely, HUD was limited in its ability to conduct monitoring and oversight of federal programs. QUESTIONED COSTS None identified. CONTEXT The Authority submits the unaudited FDS annually. Our testing of the reporting requirement was limited to the single occurrence of the annual filing.REPEAT FINDING This is a repeat of finding 2020-002 from the prior year. RECOMMENDATION We recommend that the Authority ensure its year-end closing process is sufficient to allow for the timely filing of the unaudited FDS. AUDITEE?S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.
Show full finding ▾Hide full finding ▴2021-002 - REPORTING Other Matter/Significant Deficiency U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster CRITERIA Financial Reports (0MB No. 2535-0107) - Financial Assessment Sub- system, FASS-PH. The Uniform Financial Reporting Standards (24 CFR section 5.801) require PHAs to submit timely GAAP-based unaudited and audited financial information electronically to HUD. The FASSPH system is one of HUD's main monitoring and oversight systems for the HCVP. CONDITION The unaudited FDS was required to be submitted to HUD by September 15, 2021. The Authority submitted the FDS on October 8, 2021. CAUSE The Authority encountered technical issues with HUD REAC which prevented the timely submission of the FDS. EFFECT As a result of not submitting the FDS timely, HUD was limited in its ability to conduct monitoring and oversight of federal programs. QUESTIONED COSTS None identified. CONTEXT The Authority submits the unaudited FDS annually. Our testing of the reporting requirement was limited to the single occurrence of the annual filing.REPEAT FINDING This is a repeat of finding 2020-002 from the prior year. RECOMMENDATION We recommend that the Authority ensure its year-end closing process is sufficient to allow for the timely filing of the unaudited FDS. AUDITEE?S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.
2021-002 - REPORTING Other Matter/Significant Deficiency U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster Auditee?s Response and Planned Corrective Action The Authority submitted the unaudited submission for the 2022 financial statements prior to the due date. Planned Implementation Date of Corrective Action: August 2022 Person Responsible for Corrective Action: Angela Farrish, Executive Director ? afarrish@nrmha.org
2020-002
2021-003 ? ACTIVITIES ALLOWED OR UNALLOWED Material Weakness/Material Noncompliance U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster CRITERIA PHAs may use Housing Choice Voucher and Mainstream Program funds only for HAPs to participating owners, and for associated administrative fees (24 CFR sections 982.151 and 982.152). CONDITION At June 30, 2021, the Housing Voucher Program?s financial statements reflected a net interprogram receivable of $353,514, representing approximately 7 months of the program?s average monthly operating expenses. The programs that received these funds did not have sufficient cash reserves at June 30, 2021 to repay the Housing Voucher Program. CAUSE The Authority was not effectively monitoring and managing inter-program balances in order to ensure that program funds were not used for non-program purposes. EFFECT The financial position of the Housing Voucher Program is at least temporarily impaired by the use of program funds for non-program purposes. QUESTIONED COSTS We have identified the net increase in the interprogram receivable of $76,938 as known questioned costs of the program. CONTEXT Inter-program advances to a general or revolving fund should be limited to 1 or 2 months of average monthly operating expenditures.CONTEXT Inter-program advances to a general or revolving fund should be limited to 1 or 2 months of average monthly operating expenditures. REPEAT FINDING This is a repeat of finding 2020-003 from the prior year. RECOMMENDATION We recommend that the Authority utilize unrestricted cash reserves to repay the Housing Voucher Program and implement better cash management practices, such as maintaining reasonable advances to the general fund and monitoring inter-program balances on a monthly basis. AUDITEE?S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.
Show full finding ▾Hide full finding ▴2021-003 ? ACTIVITIES ALLOWED OR UNALLOWED Material Weakness/Material Noncompliance U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster CRITERIA PHAs may use Housing Choice Voucher and Mainstream Program funds only for HAPs to participating owners, and for associated administrative fees (24 CFR sections 982.151 and 982.152). CONDITION At June 30, 2021, the Housing Voucher Program?s financial statements reflected a net interprogram receivable of $353,514, representing approximately 7 months of the program?s average monthly operating expenses. The programs that received these funds did not have sufficient cash reserves at June 30, 2021 to repay the Housing Voucher Program. CAUSE The Authority was not effectively monitoring and managing inter-program balances in order to ensure that program funds were not used for non-program purposes. EFFECT The financial position of the Housing Voucher Program is at least temporarily impaired by the use of program funds for non-program purposes. QUESTIONED COSTS We have identified the net increase in the interprogram receivable of $76,938 as known questioned costs of the program. CONTEXT Inter-program advances to a general or revolving fund should be limited to 1 or 2 months of average monthly operating expenditures.CONTEXT Inter-program advances to a general or revolving fund should be limited to 1 or 2 months of average monthly operating expenditures. REPEAT FINDING This is a repeat of finding 2020-003 from the prior year. RECOMMENDATION We recommend that the Authority utilize unrestricted cash reserves to repay the Housing Voucher Program and implement better cash management practices, such as maintaining reasonable advances to the general fund and monitoring inter-program balances on a monthly basis. AUDITEE?S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.
2021-003 ? ACTIVITIES ALLOWED OR UNALLOWED Material Weakness/Material Noncompliance U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster Auditee?s Response and Planned Corrective Action The Authority has updated its financial software which is fully integrated with tenant activity and has controls to track and identify interfund activity in a manner that will resolve this matter. Additionally, the ongoing monthly reconciliations and close process now regularly performed by the fee accountant further resolve this matter. Planned Implementation Date of Corrective Action: March 2022 Person Responsible for Corrective Action: Angela Farrish, Executive Director ? afarrish@nrmha.org
2020-003
2021-004 ? ALLOWABLE COSTS/COST PRINCIPLES Material Noncompliance/Material Weakness U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster CRITERIA Factors affecting allowability of costs. Except where otherwise authorized by statute, costs must meet the following general criteria in order to be allowable under Federal awards: (a) Be necessary and reasonable for the performance of the Federal award and be allocable thereto under these principles. (b) Conform to any limitations or exclusions set forth in these principles or in the Federal award as to types or amount of cost items. (c) Be consistent with policies and procedures that apply uniformly to both federally-financed and other activities of the non- Federal entity. (d) Be accorded consistent treatment. A cost may not be assigned to a Federal award as a direct cost if any other cost incurred for the same purpose in like circumstances has been allocated to the Federal award as an indirect cost. (e) Be determined in accordance with generally accepted accounting principles (GAAP), except, for state and local governments and Indian tribes only, as otherwise provided for in this Part. (f) Not be included as a cost or used to meet cost sharing or matching requirements of any other federally financed program in either the current or a prior period. (g) Be adequately documented. (2 CFR Chapter 1 Part 200 ? 200.403) CONDITION The Authority did not develop and adopt an operating budget, cost allocation plan or equivalent for fiscal year 2021 and therefore did not document and approve a reasonable basis for the allocation of expenses to federal programs for the fiscal year. CAUSE Management did not take sufficient action to ensure compliance with the cost principles of federal programs. EFFECT The Authority cannot support whether or not allocations of expenses were made on a reasonable basis at the time expenses were recorded in the accounting records.2021-004 ? ALLOWABLE COSTS/COST PRINCIPLES (CONTINUED) QUESTIONED COSTS None identified. CONTEXT All expenditures of federal programs and subject to cost principles. REPEAT FINDING Not a repeat finding. RECOMMENDATION We recommend that the Authority address this matter with HUD. AUDITEE?S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.
Show full finding ▾Hide full finding ▴2021-004 ? ALLOWABLE COSTS/COST PRINCIPLES Material Noncompliance/Material Weakness U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster CRITERIA Factors affecting allowability of costs. Except where otherwise authorized by statute, costs must meet the following general criteria in order to be allowable under Federal awards: (a) Be necessary and reasonable for the performance of the Federal award and be allocable thereto under these principles. (b) Conform to any limitations or exclusions set forth in these principles or in the Federal award as to types or amount of cost items. (c) Be consistent with policies and procedures that apply uniformly to both federally-financed and other activities of the non- Federal entity. (d) Be accorded consistent treatment. A cost may not be assigned to a Federal award as a direct cost if any other cost incurred for the same purpose in like circumstances has been allocated to the Federal award as an indirect cost. (e) Be determined in accordance with generally accepted accounting principles (GAAP), except, for state and local governments and Indian tribes only, as otherwise provided for in this Part. (f) Not be included as a cost or used to meet cost sharing or matching requirements of any other federally financed program in either the current or a prior period. (g) Be adequately documented. (2 CFR Chapter 1 Part 200 ? 200.403) CONDITION The Authority did not develop and adopt an operating budget, cost allocation plan or equivalent for fiscal year 2021 and therefore did not document and approve a reasonable basis for the allocation of expenses to federal programs for the fiscal year. CAUSE Management did not take sufficient action to ensure compliance with the cost principles of federal programs. EFFECT The Authority cannot support whether or not allocations of expenses were made on a reasonable basis at the time expenses were recorded in the accounting records.2021-004 ? ALLOWABLE COSTS/COST PRINCIPLES (CONTINUED) QUESTIONED COSTS None identified. CONTEXT All expenditures of federal programs and subject to cost principles. REPEAT FINDING Not a repeat finding. RECOMMENDATION We recommend that the Authority address this matter with HUD. AUDITEE?S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.
2021-004 ? ALLOWABLE COSTS/COST PRINCIPLES Material Noncompliance/Material Weakness U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster The Authority has issued, approved and submitted to HUD its 2022 and 2023 operating budgets. Additionally, the 2023 operating budget has been constructed to eliminate the COCC. The Authority has developed a cost allocation plan that was utilized in the operating budget and along with the restructuring of responsibilities relating to the elimination of the COCC, the budget has demonstrated the Authority?s plan to eliminate the operating deficits noted in this finding. Planned Implementation Date of Corrective Action: March 2022 Person Responsible for Corrective Action: Angela Farrish, Executive Director ? afarrish@nrmha.org
FAC accepted this audit on September 29, 2021 — management decision was due March 29, 2022.
2020-002 ? REPORTING Material Noncompliance/Material Weakness U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster CRITERIA Financial Reports (0MB No. 2535-0107) - Financial Assessment Sub- system, FASS-PH. The Uniform Financial Reporting Standards (24 CFR section 5.801) require PHAs to submit timely GAAP-based unaudited and audited financial information electronically to HUD. The FASSPH system is one of HUD's main monitoring and oversight systems for the HCVP. CONDITION The unaudited FDS was required to be submitted to HUD by October 31, 2020. The Authority submitted the FDS on June 29, 2021. CAUSE The Authority?s year end closing procedures were not adequate enough to ensure that the financial statements were prepared and submitted to REAC in a timely manner. EFFECT As a result of not submitting the FDS timely, HUD was limited in its ability to conduct monitoring and oversight of federal programs. QUESTIONED COSTS None identified. CONTEXT The Authority submits the unaudited FDS annually. Our testing of the reporting requirement was limited to the single occurrence of the annual filing. REPEAT FINDING Not a repeat finding. RECOMMENDATION We recommend that the Authority implement a comprehensive year-end closing checklist to ensure that all material account balances are adequately supported and that the financial statements are prepared and submitted in a timely manner. AUDITEE?S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.
Show full finding ▾Hide full finding ▴2020-002 ? REPORTING Material Noncompliance/Material Weakness U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster CRITERIA Financial Reports (0MB No. 2535-0107) - Financial Assessment Sub- system, FASS-PH. The Uniform Financial Reporting Standards (24 CFR section 5.801) require PHAs to submit timely GAAP-based unaudited and audited financial information electronically to HUD. The FASSPH system is one of HUD's main monitoring and oversight systems for the HCVP. CONDITION The unaudited FDS was required to be submitted to HUD by October 31, 2020. The Authority submitted the FDS on June 29, 2021. CAUSE The Authority?s year end closing procedures were not adequate enough to ensure that the financial statements were prepared and submitted to REAC in a timely manner. EFFECT As a result of not submitting the FDS timely, HUD was limited in its ability to conduct monitoring and oversight of federal programs. QUESTIONED COSTS None identified. CONTEXT The Authority submits the unaudited FDS annually. Our testing of the reporting requirement was limited to the single occurrence of the annual filing. REPEAT FINDING Not a repeat finding. RECOMMENDATION We recommend that the Authority implement a comprehensive year-end closing checklist to ensure that all material account balances are adequately supported and that the financial statements are prepared and submitted in a timely manner. AUDITEE?S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.
Auditee?s Response and Planned Corrective Action During the period of March 2020 to February 2021, the Authority was without a Fee Accountant. The previous fee accountant had not reconciled the books during the 2020 year and the succeeding Fee Accountant was required to be procured by request for proposal. The proposal was ultimately approved by the HUD field office near the end of January 2021. This vacancy resulted in a delay in the closing of the financial records as the new Fee Accountant was onboarded and began catching up with the assistance of the CFO. Additionally, the Authority procured for new software that was approved by the HUD field office in April 2021. The Authority is confident that the new software and the Fee Accountant will allow for more timely and accurate reporting going forward. The implementation of the new software has begun and is expected to be fully functional in the fall of 2021 and the Fee Accountant has begun creation of monthly closing procedures.
2020-003 ? ACTIVITIES ALLOWED OR UNALLOWED Material Noncompliance/Material Weakness U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster CRITERIA PHAs may use Housing Choice Voucher and Mainstream Program funds only for HAPs to participating owners, and for associated administrative fees (24 CFR sections 982.151 and 982.152). CONDITION At June 30, 2020, the Housing Voucher Program?s financial statements reflected a net inter-program receivable of $276,576, representing approximately 6 months of the program?s average monthly operating expenses. The programs that received these funds did not have sufficient cash reserves at June 30, 2020 to repay the Housing Voucher Program. CAUSE The Authority was not effectively monitoring and managing inter-program balances in order to ensure that program funds were not used for non-program purposes. EFFECT The financial position of the Housing Voucher Program is at least temporarily impaired by the use of program funds for non-program purposes. QUESTIONED COSTS None identified. CONTEXT Inter-program advances to a general or revolving fund should be limited to 1 or 2 months of average monthly operating expenditures. REPEAT FINDING This is a repeat of finding 2019-002 from the prior year. RECOMMENDATION We recommend that the Authority utilize unrestricted cash reserves to repay the Housing Voucher Program and implement better cash management practices, such as maintaining reasonable advances to the general fund and monitoring inter-program balances on a monthly basis. AUDITEE?S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.
Show full finding ▾Hide full finding ▴2020-003 ? ACTIVITIES ALLOWED OR UNALLOWED Material Noncompliance/Material Weakness U.S. Department of Housing and Urban Development CFDA #: 14.871 ? Housing Voucher Cluster CRITERIA PHAs may use Housing Choice Voucher and Mainstream Program funds only for HAPs to participating owners, and for associated administrative fees (24 CFR sections 982.151 and 982.152). CONDITION At June 30, 2020, the Housing Voucher Program?s financial statements reflected a net inter-program receivable of $276,576, representing approximately 6 months of the program?s average monthly operating expenses. The programs that received these funds did not have sufficient cash reserves at June 30, 2020 to repay the Housing Voucher Program. CAUSE The Authority was not effectively monitoring and managing inter-program balances in order to ensure that program funds were not used for non-program purposes. EFFECT The financial position of the Housing Voucher Program is at least temporarily impaired by the use of program funds for non-program purposes. QUESTIONED COSTS None identified. CONTEXT Inter-program advances to a general or revolving fund should be limited to 1 or 2 months of average monthly operating expenditures. REPEAT FINDING This is a repeat of finding 2019-002 from the prior year. RECOMMENDATION We recommend that the Authority utilize unrestricted cash reserves to repay the Housing Voucher Program and implement better cash management practices, such as maintaining reasonable advances to the general fund and monitoring inter-program balances on a monthly basis. AUDITEE?S RESPONSE AND PLANNED CORRECTIVE ACTION See Corrective Action Plan.
Auditee?s Response and Planned Corrective Action As noted above, the Authority was without a fee accountant for the entire year which caused delays in the reconciliations process. Recording and reconciling a full year?s worth of transactions after the fact made it difficult to determine the actual expense versus transfer. Since the year ended Juned 30, 2020, the Authority has procured a new fee accountant to assist in the monthly close procedures. Additionally, as mentioned, the Authority acquired new software specifically designed for Public Housing Authorities which will greatly reduce the potential for manual accounting errors related to interfund activity. As the overall goal related to this finding is to make the HCV Program whole, the Authority plans to reduce expenses and increase revenues at every opportunity. Since the Authority has gained permission from HUD to remove the Central Office Cost Center (COCC), this will, at a minimum, reduce the expenses on of the Program related to management and bookkeeping fees. Additionally, the Authority plans to transfer a portion of the developer fees owed to the Authority directly to the HCV Program. The Authority has also recognized a potential opportunity to reduce the interfund balance through management fees. In recent years, management fees were calculated on a per unit month basis when the 20% administrative fee basis would have yielded a greater amount owed to the COCC ultimately reducing the interfund receivable balance. The Authority plans to analyze the previous five years and request that HUD allow a retroactive adjustment. Planned Resolution Date of Corrective Actions: December 31, 2021 Person Responsible for Corrective Action: Angela Farrish, Executive Director ? afarrish@nrmha.org ? 914-636-7050 x201
2019-002
FAC accepted this audit on October 4, 2020 — management decision was due April 4, 2021.
Finding ? (Low Rent ? (14.850a)) The Authority continued to run a deficit in the Central Office Cost Center (COCC) primarily because of legacy costs (Health Insurance and Pension costs) associated with former employees, as required by long term state contracts. The Central Office Cost Center (COCC) has expended Low Income Public Housing (LIPH) funds to support the COCC operations in violation of Federal Rules and Regulations. Through the year ended June 30, 2019, the Authority has accumulated in excess of $1,823,218, in Central Office Cost Center (COCC) administrative operating costs above those normally covered by management fees, capital asset fees and bookkeeping fees. With the RAD conversion and corresponding sale of capital assets, this situation will be rectified with the final conversion of AMP 1 and RAD. Criteria - OMB-87 regarding eligible and ineligible costs. Effect of Condition ? Lack of oversight and long-range planning in accordance with HUD?s requirements. Recommendation - We recommend that the Authority continue to take the necessary steps budget and plan for future legacy costs. PHA Response and Corrective Action Plan ? The New Rochelle Municipal Housing Authority will establish internal financial control procedures over the budget process to ensure that each program operates within its means and in accordance with HUD regulations. The New Rochelle Municipal Housing Authority has already taken steps to reduce expenses in the COCC and will generate revenue from other business activity to offset the COCC expenses. PHA Contact and Resolution Date Angela Farrish, Interim Executive Director, December 31, 2020
Show full finding ▾Hide full finding ▴Finding ? (Low Rent ? (14.850a)) The Authority continued to run a deficit in the Central Office Cost Center (COCC) primarily because of legacy costs (Health Insurance and Pension costs) associated with former employees, as required by long term state contracts. The Central Office Cost Center (COCC) has expended Low Income Public Housing (LIPH) funds to support the COCC operations in violation of Federal Rules and Regulations. Through the year ended June 30, 2019, the Authority has accumulated in excess of $1,823,218, in Central Office Cost Center (COCC) administrative operating costs above those normally covered by management fees, capital asset fees and bookkeeping fees. With the RAD conversion and corresponding sale of capital assets, this situation will be rectified with the final conversion of AMP 1 and RAD. Criteria - OMB-87 regarding eligible and ineligible costs. Effect of Condition ? Lack of oversight and long-range planning in accordance with HUD?s requirements. Recommendation - We recommend that the Authority continue to take the necessary steps budget and plan for future legacy costs. PHA Response and Corrective Action Plan ? The New Rochelle Municipal Housing Authority will establish internal financial control procedures over the budget process to ensure that each program operates within its means and in accordance with HUD regulations. The New Rochelle Municipal Housing Authority has already taken steps to reduce expenses in the COCC and will generate revenue from other business activity to offset the COCC expenses. PHA Contact and Resolution Date Angela Farrish, Interim Executive Director, December 31, 2020
Finding ? (Low Rent ? (14.850a)) The Authority continued to run a deficit in the Central Office Cost Center (COCC) primarily because of legacy costs (Health Insurance and Pension costs) associated with former employees, as required by long term state contracts. The Central Office Cost Center (COCC) has expended Low Income Public Housing (LIPH) funds to support the COCC operations in violation of Federal Rules and Regulations. Through the year ended June 30, 2019, the Authority has accumulated in excess of $1,823,218, in Central Office Cost Center (COCC) administrative operating costs above those normally covered by management fees, capital asset fees and bookkeeping fees. With the RAD conversion and corresponding sale of capital assets, this situation will be rectified with the final conversion of AMP 1 and RAD. Criteria - OMB-87 regarding eligible and ineligible costs. Effect of Condition ? Lack of oversight and long-range planning in accordance with HUD?s requirements. Recommendation - We recommend that the Authority continue to take the necessary steps budget and plan for future legacy costs. PHA Response and Corrective Action Plan ? The New Rochelle Municipal Housing Authority will establish internal financial control procedures over the budget process to ensure that each program operates within its means and in accordance with HUD regulations. The New Rochelle Municipal Housing Authority has already taken steps to reduce expenses in the COCC and will generate revenue from other business activity to offset the COCC expenses. PHA Contact and Resolution Date Angela Farrish, Interim Executive Director, December 31, 2020
2018-003
FAC accepted this audit on April 2, 2019 — management decision was due October 2, 2019.
GSA_MIGRATION
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GSA_MIGRATION
2017-001
GSA_MIGRATION
Show full finding ▾Hide full finding ▴FAC accepted this audit on May 15, 2018 — management decision was due November 15, 2018.
GSA_MIGRATION
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GSA_MIGRATION
2016-001
GSA_MIGRATION
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GSA_MIGRATION
FAC accepted this audit on March 30, 2017 — management decision was due September 30, 2017.
GSA_MIGRATION
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GSA_MIGRATION
2015-001
GSA_MIGRATION
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