Finding 1131655 (2024-001)

- Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2025-04-16

Audit: 353834

Organization: Heritage Towers of the Christian Church (disciples of Christ) (WY)

Auditor: Maddox & Associates Apc

AI Summary

Answer: The security deposit account lacks sufficient funds.
Trend: This issue may lead to compliance risks and potential financial penalties.
List: Review funding requirements, assess current balance, and ensure timely deposits moving forward.

The security deposit account is not fully funded.

ALN	Program Name	Expenditures
14.155	Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects	$1.66M
14.195	Section 8 Housing Assistance Payments Program	$412,426
14.191	Multifamily Housing Service Coordinators	$29,368