Finding 1084646 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2024-11-18

Audit: 328670

Organization: Orlando Voa Elderly Housing, Inc. (silver Lakes Village Apts) (LA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $2,560.
Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
List: Recommend reviewing deposit schedules and adjusting contributions to meet required amounts.

REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $2,560.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$8.05M
14.318	Assisted Housing Stability and Energy and Green Retrofit Investments Program (recovery Act Funded)	$1.24M