FAC Explorer

Finding 1153684 (2023-003)

Material Weakness Repeat Finding
Requirement
C
Questioned Costs
$1
Year
2023
Accepted
2025-09-21
Audit: 366835
Organization: Hoover Seniors (CA)
Auditor: Cohnreznick LLP

AI Summary

  • Core Issue: No deposits have been made to the reserve for replacements, totaling $1,655 as of December 31, 2023.
  • Impacted Requirements: This lack of deposits may violate financial management policies regarding reserve funding.
  • Recommended Follow-Up: Review the funding process and ensure timely deposits to meet compliance and financial stability.

Finding Text

Condition/Context At December 31, 2023, deposits to the reserve for replacements account in a cumulative amount of $1,655 have not been made.

Categories

Questioned Costs

Other Findings in this Audit

  • 1153682 2023-001
    Material Weakness Repeat
  • 1153683 2023-002
    Material Weakness Repeat
  • 1153685 2023-004
    Material Weakness Repeat
  • 1153686 2023-001
    Material Weakness Repeat
  • 1153687 2023-002
    Material Weakness Repeat
  • 1153688 2023-003
    Material Weakness Repeat
  • 1153689 2023-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $1.18M
14.157 Supportive Housing for the Elderly $309,161