Finding 1084647 (2024-002)

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: The property needs to repay loans from the replacement reserve.
Trend: The outstanding balance for these loans is currently $221,813.
List: Follow up on repayment plans and monitor future reserve contributions.

THE PROPERTY IS REQUIRED TO REPAY REPLACEMENT RESERVE LOANS AND THE OUTSTANDING BALANCE IS $221,813.

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