Finding 1160348 (2025-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2025-10-13

Audit: 370727

Organization: Friendship House North Two, Inc. (IN)

Auditor: Comer Nowling and Associates PC

AI Summary

Answer: The project has a reserve for replacement that is under-funded by $1,843.
Trend: This under-funding indicates a consistent issue with maintaining compliance with the Regulatory Agreement.
List: Follow up by assessing funding strategies to ensure compliance and prevent future shortfalls.

The Project’s reserve for replacement is under-funded by $1,843 and is out of compliance with the Regulatory Agreement.

The Project implemented a new system in place to ensure all replacement reserve deposits are deposited within the audit period.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$89,527