Finding 1078344 (2024-001)

- Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2024-10-07

Audit: 324060

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

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $292.
Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
List: Review deposit schedules and adjust to ensure full compliance moving forward.

REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $292.

ALN	Program Name	Expenditures
14.181	Supportive Housing for Persons with Disabilities	$1.06M