Finding 1141459 (2024-001)

- Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2025-06-16

Audit: 358892

Organization: Geer Village, A Housing & Development CO - Bhe (CT)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $2,917.
Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
List: Review deposit schedules, assess funding sources, and implement corrective measures to ensure full compliance.

REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $2,917.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$1.67M
14.239	Home Investment Partnerships Program	$956,018