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For a third straight year, the Wilson Housing Authority has received a clean bill of financial health from an independent audit of its books.
The financial audit was performed by the accounting and consulting firm Aprio. The firm studied the organization’s books for the 2017 fiscal year, which ended on Dec. 31, 2017.
The audit was also submitted to, and accepted by, the U.S. Department of Housing and Urban Development, which is the housing authority’s primary funding source.
The Wilson Housing Authority annually has its books audited by an outside organization to make sure it’s following the best practices for handling its finances and monitoring the federal grants it receives through HUD.
“The outside audit is important because it demonstrates to the public that we are handling their money in an efficient and trustworthy way,” said Kelly Vick, president and CEO of the Wilson Housing Authority.
“Diana Fish, our chief financial officer, and her team do an outstanding job of keeping track of how we spend our money,” he added.
The audit was presented to the Wilson Housing Authority’s Board of Commissioners at its most recent meeting and was unanimously approved.
Established in 1953, the Wilson Housing Authority’s mission is to provide safe, decent and affordable housing to the Wilson community. It currently serves nearly 2,800 residents through both its conventional public housing programs and its partnership with private sector housing providers through the federal Housing Choice Voucher program.
The housing authority has an annual budget of roughly $8 million and employs 40 full-time workers, more than half of whom work in its maintenance and operations division.