The CNHA Announces the Completion and Timely Submission of Our 2011 Audit

Friday, August 03, 2012 - Lawton, OK

The audit, performed by Dennis & Company, PC, included testing both financial reporting and compliance with grant requirements.  There were no findings on the financial reporting side which involved the review and test of items on the balance sheet, with particular attention paid to cash, investments, receivables, funds held for homeowners and noncurrent assets.  Based on the results of tests, including communications with bankers and inspections, the auditors found that all items were fairly stated.

Grants issued with NAHASDA funds have numerous compliance requirements including:  Activities allowed and unallowed; allowable costs; cash management; Davis Bacon Act; eligibility; matching, level of effort, earmarking of funds; period of availability of funds; procurement; real property acquisition; reporting; and environmental compliance.  We did have one finding with late reports in the first quarter that was resolved for the rest of the year.  All other areas tested were in compliance for Fiscal Year 2011 resulting in an unqualified audit report. 

While our 2009 Fiscal Year audit had several findings, the 2010 audit had only three repeat findings - all in the areas of grant compliance.  In addition to the steady reduction in the number of findings from our audits during this time frame, the Housing Authority cleared up 67 additional audit findings identified from previous year's audits, as well as 15 findings and 2 concerns from a 2009 HUD on-site Monitoring Review. The Housing Authority has taken great strides in recent years to position ourselves to better serve Tribal members.

 

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