Improving Memphis’ HUD Programs and Compliance

Challenge:

The City of Memphis faced issues with auditing and compliance in their HUD programs. There were difficulties in aligning practices with HUD requirements, and long-standing financial discrepancies required resolution.

Solutions:

C-F.A.C.T.S. provided expert training on HUD regulations, implemented a cloud-based timekeeping system, and updated policies. They also established a comprehensive compliance and monitoring system and conducted extensive financial reconciliation.

Results:

All compliance issues were resolved, a modern timekeeping system was adopted, and financial variances over 20 years were reconciled. The city now maintains compliant financial practices, supported by the Distressed Cities Technical Assistance Financial Management Toolkit provided by C-F.A.C.T.S.

This case study highlights Corporate F.A.C.T.S.’s role in enhancing financial management and compliance, showcasing our expertise in resolving complex challenges for community development.