Annual Audits

Question:
In addition to the annual reports we submit, is there another report we must submit?

Answer:
Yes, you must submit a copy of your jurisdiction’s annual audit. This is an independent review of the General Ledger, which provides a method for ensure that your SHIP annual reports ultimately reconcile with your jurisdiction’s General Ledger related to SHIP revenue and expenses. The audit is sometimes referred to as a Comprehensive Annual Financial Review (CAFR). Florida Housing’s staff has provided the following guidance on what they specifically look for when reviewing CAFRs:

Separately stated Trust Fund for SHIP and a Separately Trust Fund for HHR (Can Not be combined in the reporting format)

“Findings” section in the FSAA (if applicable)

Florida Housing requests that you email the “link” or attach the document(s) to an email, rather than providing a paper copy.