Finding 1130818 (2024-001)

Requirement

Questioned Costs

Year

2024

Accepted

2025-04-08

Audit: 353020

Organization: Timberlawn Place, Inc. (TN)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $660.
Trend: This deficiency indicates a pattern of underfunding that could impact future reserve availability.
List: Follow up by reviewing deposit schedules and adjusting future contributions to meet required amounts.

REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $660.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$1.43M