FAC Explorer

Finding 1155378 (2025-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
$1
Year
2025
Accepted
2025-09-25
Audit: 367626
Organization: Mapleview, Inc. (IN)
Auditor: Comer Nowling and Associates PC

AI Summary

  • Answer: The Corporation's reserve for replacement is short by $3,150.
  • Trend: This under-funding indicates a consistent issue with compliance regarding financial reserves.
  • List: Immediate action is needed to address the funding gap and ensure compliance with the Regulatory Agreement.

Finding Text

The Corporation’s reserve for replacement is under-funded by $3,150 and is out of compliance with the Regulatory Agreement.

Corrective Action Plan

The Project deposited $3,150 into the reserve for replacement account.

Categories

Questioned Costs

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $48,738