A Financial Audit
A Report on the Audit of the Department of Housing and Community Affairs’ Fiscal Year 2022 Financial Statements
December 2022
Summary Analysis
In our audit report dated December 20, 2022, we concluded that the Department of Housing and Community Affairs’ (Department) basic financial statements and Revenue Bond Program financial statements for fiscal year 2022 were materially correct and presented in accordance with accounting principles generally accepted in the United States of America. We also concluded that the Department’s Housing Finance Division’s computation of unencumbered fund balances complies with Texas Government Code, Sections 2306.204 and 2306.205. The Department published our audit reports as part of its 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.
Additionally, we issued other opinions and reports for the Department related to their financial statement audit. Please see the report for a description of the additional work performed.