A Financial Audit
A Report on the Audit of the Department of Housing and Community Affairs’ Fiscal Year 2018 Financial Statements
December 2018
Summary Analysis
In our audit report dated December 20, 2018, we concluded that the Department of Housing and Community Affairs (Department) basic financial statements and Revenue Bond Program Enterprise Fund financial statements for fiscal year 2018 were materially correct and presented in accordance with accounting principles generally accepted in the United States of America. The Department published our audit report as part of its basic financial statements, which it intends to post on its Web site at https://www.tdhca.state.tx.us/finan.htm.
We also issued a report on internal control over financial reporting and on compliance and other matters as required by auditing standards. Our procedures did not identify any material weaknesses in internal control over financial reporting or any noncompliance with laws or regulations that materially affected the financial statements. In addition, the major internal controls that we tested for the purpose of forming our opinions on the financial statements were operating effectively.