Finding 1130780 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2025-04-08

Audit: 352943

Organization: Middlebury Senior Housing Associates, Inc. - Woodside Heights (CT)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $6,250.
Trend: This deficiency indicates a potential ongoing issue with funding reserves.
List: Follow up to ensure future deposits meet required amounts and assess the impact on financial planning.

Required monthy deposits to replacement reserve are deficient in the amount of $6,250.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$3.50M