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Audit Objective

Determine whether the Board of Commissioners (Board) provided adequate oversight of Kingston Housing Authority (Authority) operations.

Key Findings

The Board did not provide adequate oversight of Authority operations. As a result:

• Budgets were not entered into the financial system and financial transactions were not properly captured.
• Adequate oversight of disbursements, bank transfers and bank reconciliations were not achieved.
• $6.51 million in disbursements and bank transfers were made without review or approval.
• $1,035 in management fees were incorrectly billed.
• Financial system access was not properly administered.

Key Recommendations

• Properly oversee Authority finances.
• Assign financial system user rights based on job duties. Each user should have a unique user name and password.

Authority officials generally agreed with our recommendations and have initiated or indicated they planned to initiate corrective action. Appendix B includes our comment on an issue that was raised in the Authority’s response letter.