Finding 1155928 (2024-005)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2025-09-29

Audit: 368350

Organization: Alpha Tower (OH)

Auditor: Kevin L Penn INC

AI Summary

Answer: An extra deposit was recorded on March 24, 2025.
Trend: This may indicate a pattern of unexpected deposits needing further review.
List: Follow up on the source and purpose of this deposit to ensure compliance.

The additional deposit was made 3/24/25.

The Project is required by the Department of HUD to make monthly deposit of $9,708.89 into the replacement reserve fund.

ALN	Program Name	Expenditures
14.195	Project-Based Rental Assistance (pbra)	$1.85M