Finding reference number: 2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing 14.157 (081-EH163 and 1992) Auditor non-compliance code: N ? Reserve for Replacements Deposits Finding resolution Status: Cleared Universe population size: 12 months of deposits to the reserve for replacements account. Sample size information: 12 months of deposits to the reserve for replacements account. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $150 Statement of condition #2022-001 (Assistance Listing #14.157): At June 30, 2022, deposits to the reserve for replacements account of $150 were not made. Criteria: Pursuant to item 5(a) of the Regulatory Agreement (form HUD-92466), the Corporation shall make monthly deposits into a separate reserve for replacements account in the amount of $1,489. At June 30, 2022, $150 of the required monthly deposits had not been made. Effect: The Project is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements account is underfunded by $150 at June 30, 2022. Cause: Due to staff turnover at the management agent, the required deposit increase to the reserve for replacements account was not distributed internally in a timely manner. Management continued to make deposits at the expired deposit amount, resulting in the reserve for replacements account being underfunded at June 30, 2022 by $150. Recommendation: Management should transfer $150 from the operating account to the reserve for replacements account. Completion date: September 21, 2022 Management response: Agree. The Project transferred $150 on September 21, 2022 to the reserve for replacements account.
Finding reference number: 2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing 14.157 (081-EH163 and 1992) Auditor non-compliance code: N ? Reserve for Replacements Deposits Finding resolution Status: Cleared Universe population size: 12 months of deposits to the reserve for replacements account. Sample size information: 12 months of deposits to the reserve for replacements account. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $150 Statement of condition #2022-001 (Assistance Listing #14.157): At June 30, 2022, deposits to the reserve for replacements account of $150 were not made. Criteria: Pursuant to item 5(a) of the Regulatory Agreement (form HUD-92466), the Corporation shall make monthly deposits into a separate reserve for replacements account in the amount of $1,489. At June 30, 2022, $150 of the required monthly deposits had not been made. Effect: The Project is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements account is underfunded by $150 at June 30, 2022. Cause: Due to staff turnover at the management agent, the required deposit increase to the reserve for replacements account was not distributed internally in a timely manner. Management continued to make deposits at the expired deposit amount, resulting in the reserve for replacements account being underfunded at June 30, 2022 by $150. Recommendation: Management should transfer $150 from the operating account to the reserve for replacements account. Completion date: September 21, 2022 Management response: Agree. The Project transferred $150 on September 21, 2022 to the reserve for replacements account.
Finding reference number: 2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing 14.157 (081-EH163 and 1992) Auditor non-compliance code: N ? Reserve for Replacements Deposits Finding resolution Status: Cleared Universe population size: 12 months of deposits to the reserve for replacements account. Sample size information: 12 months of deposits to the reserve for replacements account. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $150 Statement of condition #2022-001 (Assistance Listing #14.157): At June 30, 2022, deposits to the reserve for replacements account of $150 were not made. Criteria: Pursuant to item 5(a) of the Regulatory Agreement (form HUD-92466), the Corporation shall make monthly deposits into a separate reserve for replacements account in the amount of $1,489. At June 30, 2022, $150 of the required monthly deposits had not been made. Effect: The Project is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements account is underfunded by $150 at June 30, 2022. Cause: Due to staff turnover at the management agent, the required deposit increase to the reserve for replacements account was not distributed internally in a timely manner. Management continued to make deposits at the expired deposit amount, resulting in the reserve for replacements account being underfunded at June 30, 2022 by $150. Recommendation: Management should transfer $150 from the operating account to the reserve for replacements account. Completion date: September 21, 2022 Management response: Agree. The Project transferred $150 on September 21, 2022 to the reserve for replacements account.
Finding reference number: 2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing 14.157 (081-EH163 and 1992) Auditor non-compliance code: N ? Reserve for Replacements Deposits Finding resolution Status: Cleared Universe population size: 12 months of deposits to the reserve for replacements account. Sample size information: 12 months of deposits to the reserve for replacements account. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $150 Statement of condition #2022-001 (Assistance Listing #14.157): At June 30, 2022, deposits to the reserve for replacements account of $150 were not made. Criteria: Pursuant to item 5(a) of the Regulatory Agreement (form HUD-92466), the Corporation shall make monthly deposits into a separate reserve for replacements account in the amount of $1,489. At June 30, 2022, $150 of the required monthly deposits had not been made. Effect: The Project is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements account is underfunded by $150 at June 30, 2022. Cause: Due to staff turnover at the management agent, the required deposit increase to the reserve for replacements account was not distributed internally in a timely manner. Management continued to make deposits at the expired deposit amount, resulting in the reserve for replacements account being underfunded at June 30, 2022 by $150. Recommendation: Management should transfer $150 from the operating account to the reserve for replacements account. Completion date: September 21, 2022 Management response: Agree. The Project transferred $150 on September 21, 2022 to the reserve for replacements account.
Finding reference number: 2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing 14.157 (081-EH163 and 1992) Auditor non-compliance code: N ? Reserve for Replacements Deposits Finding resolution Status: Cleared Universe population size: 12 months of deposits to the reserve for replacements account. Sample size information: 12 months of deposits to the reserve for replacements account. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $150 Statement of condition #2022-001 (Assistance Listing #14.157): At June 30, 2022, deposits to the reserve for replacements account of $150 were not made. Criteria: Pursuant to item 5(a) of the Regulatory Agreement (form HUD-92466), the Corporation shall make monthly deposits into a separate reserve for replacements account in the amount of $1,489. At June 30, 2022, $150 of the required monthly deposits had not been made. Effect: The Project is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements account is underfunded by $150 at June 30, 2022. Cause: Due to staff turnover at the management agent, the required deposit increase to the reserve for replacements account was not distributed internally in a timely manner. Management continued to make deposits at the expired deposit amount, resulting in the reserve for replacements account being underfunded at June 30, 2022 by $150. Recommendation: Management should transfer $150 from the operating account to the reserve for replacements account. Completion date: September 21, 2022 Management response: Agree. The Project transferred $150 on September 21, 2022 to the reserve for replacements account.
Finding reference number: 2022-001 Assistance Listing title and number (Federal award identification number and year): Supportive Housing for the Elderly, Assistance Listing 14.157 (081-EH163 and 1992) Auditor non-compliance code: N ? Reserve for Replacements Deposits Finding resolution Status: Cleared Universe population size: 12 months of deposits to the reserve for replacements account. Sample size information: 12 months of deposits to the reserve for replacements account. Statistically valid sample: N/A Name of Federal agency: U.S. Department of Housing and Urban Development Pass-through entity: N/A Questioned costs: $150 Statement of condition #2022-001 (Assistance Listing #14.157): At June 30, 2022, deposits to the reserve for replacements account of $150 were not made. Criteria: Pursuant to item 5(a) of the Regulatory Agreement (form HUD-92466), the Corporation shall make monthly deposits into a separate reserve for replacements account in the amount of $1,489. At June 30, 2022, $150 of the required monthly deposits had not been made. Effect: The Project is not in compliance with the terms of the Regulatory Agreement. The reserve for replacements account is underfunded by $150 at June 30, 2022. Cause: Due to staff turnover at the management agent, the required deposit increase to the reserve for replacements account was not distributed internally in a timely manner. Management continued to make deposits at the expired deposit amount, resulting in the reserve for replacements account being underfunded at June 30, 2022 by $150. Recommendation: Management should transfer $150 from the operating account to the reserve for replacements account. Completion date: September 21, 2022 Management response: Agree. The Project transferred $150 on September 21, 2022 to the reserve for replacements account.