Finding 1130534 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2025-04-04

Audit: 352734

Organization: Casa Milagro (NM)

Auditor: Bloom and Bloom LLP

AI Summary

Answer: The security deposit cash account is underfunded by $1,136.
Trend: This discrepancy indicates a potential ongoing issue with cash management for security deposits.
List: Follow up by reconciling the cash account, reviewing funding processes, and ensuring compliance with liability requirements.

Security deposit cash account is not fully funded, the bank reflects a balance of $1,995 while thesecurity deposit liability aggregates to $3,131.

ALN	Program Name	Expenditures
14.181	Supportive Housing for Persons with Disabilities	$135,445
14.267	Continuum of Care Program	$110,245