FAC Explorer

Finding 10875 (2023-001)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-01-30
Audit: 14611
Organization: Prince George's County Voa Living Center I, Inc. (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Monthly deposits to the replacement reserve are short by $17,042.
  • Trend: This deficiency indicates a consistent issue with funding the reserve.
  • List: Follow up by reviewing deposit schedules and adjusting future contributions to meet requirements.

Finding Text

Required monthly deposits to the replacement reserve are deficient in the amount of $17,042.

Corrective Action Plan

Management agrees with the finding. Management is currently pursuing a retroactive suspension of the replacement reserve deposit requirement effective January 1, 2023. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $1.29M