Finding 1089648 (2024-001)

- Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2024-12-05

Audit: 331154

Organization: Nmf Housing V, INC (3810 Manchaca Rd) (TX)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $132.
Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
List: Follow up by reviewing deposit schedules and ensuring future contributions meet required amounts.

REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $132.

ALN	Program Name	Expenditures
14.181	Supportive Housing for Persons with Disabilities	$856,498