Answer: One monthly deposit of $475 was missed for the replacement reserve account.
Trend: This indicates a potential pattern of non-compliance with the regulatory agreement.
List: Follow up by ensuring future deposits are made on time and review compliance processes.
Finding Text
Monthly deposits were not made to the replacement reserve account as required by the Project’s regulatory agreement. Monthly deposits of $475 were required, however there was one month when the deposit was not made to the account.