Finding 1090905 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2024-12-16

Audit: 332790

Organization: Esct Austin Housing Iii, INC (TX)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $93.
Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
List: Follow up to ensure future deposits meet required amounts and assess the impact on reserve adequacy.

REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $93.

ALN	Program Name	Expenditures
14.181	Supportive Housing for Persons with Disabilities	$866,253