Finding 1061580 (2023-001)

- Repeat Finding

Requirement

Questioned Costs

Year

2023

Accepted

2024-08-27

Audit: 317946

Organization: Garrett Road Apartments, Inc. 064-Hd070 (LA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $1,500.
Trend: This deficiency indicates a potential ongoing issue with funding levels.
List: Recommend reviewing deposit schedules and adjusting contributions to meet required amounts.

Required monthly deposits to the replacement reserve are deficient in the amount of $1,500.

ALN	Program Name	Expenditures
14.181	Supportive Housing for Persons with Disabilities	$1.05M