Answer: The tenant security deposit account is underfunded as of September 30, 2023.
Trend: This issue indicates a recurring problem with maintaining adequate funds for security deposits.
List: Review funding practices, ensure compliance with deposit requirements, and implement regular account audits.
Finding Text
The Corporation’s tenant security deposit bank account as of September 30, 2023, did not have the required minimum amount. The amount was less than the security deposit liability.