Finding 1080407 (2024-001)

- Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2024-10-28

Audit: 326247

Organization: Dallas Voa Elderly Housing, INC (prairie Creek Village) (VA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $149.
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 $149.

ALN	Program Name	Expenditures
14.155	Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects	$4.33M
14.195	Section 8 Housing Assistance Payments Program	$757,024