Finding 1078346 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2024-10-07

Audit: 324062

Organization: Dequincy Elderly Housing Corporation (LA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $2,000.
Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
List: Follow up by reviewing deposit schedules and adjusting future contributions to meet requirements.

REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $2,000.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$1.00M