Finding 1093637 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2024-12-30

Audit: 335162

Organization: Navasota Voa Elderly Housing, INC (buckingham Gardens) (VA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $3,306.
Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
List: Follow up by reviewing deposit schedules and adjusting future contributions to meet requirements.

REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $3,306.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$2.04M