FAC Explorer

Finding 1078884 (2024-001)

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Requirement
N
Questioned Costs
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Year
2024
Accepted
2024-10-10
Audit: 324460
Organization: Durango Voa Elderly Housing, Inc. (cedar View) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: The replacement reserve is short by $80,000.
  • Trend: This deficiency indicates a potential risk in maintaining property assets.
  • List: Follow up on funding strategies to address the $80,000 shortfall.

Finding Text

The replacement reserve is deficient in the amount of $80,000.

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $3.53M