Institutional Federal Compliance Report 2021

RUTHANNE VISNAUSKAS Commissioner/CEO

ANDREW M. CUOMO Governor

NEW YORK STATE CORRECTIVE ACTION PLAN

Single Audit of Federal Programs for State Fiscal Year Ended March 31, 2018

State Agency:

Housing Trust Fund Corporation

Single Audit Contact:

Stacey Mickle

Title:

Treasurer

Telephone:

518-486-5510

E-mail Address:

Stacey.Mickle@nyshcr.rog

Federal Program(s) (CFDA # [s]):

HOME Investment Partnerships Program 14.239

2018-048

Audit Report Reference:

Corrective Action Planned:

All payments incorrectly eliminated as being paid to subrecipients were disbursed as loans under the Capital portion of the HOME program. These payments are already tracked separately under a different fund code in our accounting system. Moving forward, payments made under this separate fund code will be eliminated from the list of subrecipients.

Anticipated Completion Date:

Correction has already been implemented and current year activity will be correctly reflected in the 2018-2019 SEFA.