title
Authorization to accept and submit to HUD CHA’s Uniform Guidance Report and Schedule of Expenditures of Federal Awards for the year ended December 31, 2023.
presenter
Presenter: Michael Moran, Chief Financial Officer
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Recommendation
The Finance and Audit Committee has reviewed and approved the Chicago Housing Authority’s (“CHA”) audited Uniform Guidance Report for the year ended December 31, 2023, pursuant to the Finance and Audit Committee’s Charter. The 2023 reports were presented to the Finance and Audit Committee at its September 12, 2024, regular meeting.
It is recommended that the Board of Commissioners (“Board”) accept the attached Uniform Guidance Report for the year ended December 31, 2023 and authorize the CEO or her designee to submit such documents to the United States Department of Housing and Urban Development (HUD).
The Chief Financial Officer has completed all necessary due diligence to support the submission of this initiative and recommends the approval of this item accordingly.
Background
The Uniform Guidance is required for entities such as the CHA that receive and use substantial federal financial assistance and reports on the CHA’s compliance with applicable federal regulations. The CHA is required to submit the Uniform Guidance Report to HUD by September 30, nine months after the end of its fiscal year 2023.
The Authority engaged Ernst & Young to audit its results and issue the Uniform Guidance Report and Schedule of Expenditures of federal Awards for the year ended December 31, 2023 in accordance with HUD requirements.
Ernst & Young has issued the CHA an unmodified opinion on CHA compliance for the major federal program.
Respectfully Submitted:
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Tracey Scott
Chief Executive Officer