Finding 1080415 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2024-10-28

Audit: 326267

Organization: River Rouge Voa Elderly Housing, INC (sumby Senior Housing) (VA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $3,334.
Trend: This deficiency indicates a consistent issue with funding the reserve.
List: Review deposit schedules, adjust funding strategies, and ensure compliance moving forward.

Required monthly deposits to the replacement reserve are deficient in the amount of $3,334.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$4.87M
14.239	Home Investment Partnerships Program	$400,000