Finding 1164381 (2025-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2025-12-10

Audit: 373811

Organization: Joshua Tree Apartments (CA)

Auditor: ANTHONY APODACA ACCOUNTANCY CORPORATION

AI Summary

Issue: The Operating account is not reconciling with the bank reconciliation due to improper preparation.
Impact: This condition indicates a lack of management monitoring, affecting internal controls.
Follow-up: Ensure timely completion and approval of bank reconciliations; management plans to take immediate corrective action.

Finding Text

2025-001 Reportable Condition – Internal Control: Criteria: The Operating account does not reconcile to the bank reconciliation. Condition: The Project did not properly prepare the bank reconciliation. Questioned cost: None Context: Occurring within the current accounting period. Cause: Management lack of monitoring. Effect: The Operating account is not reconciled. Recommendation: Bank reconciliations should be completed and approved in a timely manner. Repeat finding: No Views of responsible official and planned corrective action: The current management agent concurs and will take immediate corrective action.

Corrective Action Plan

2025-001 Reportable Condition — Internal Control: Condition: The Project did not properly prepare the bank reconciliation. Action taken: Operating account bank reconciliation has been properly reconciled. Contact person: Fred Goodspeed Completion date: November 10, 2025 Explanation of Disagreement: Not applicable Repeat finding: N

Other Findings in this Audit

1164382 2025-002

Material Weakness Repeat
1164383 2025-003

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
14.181	SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES	$1.41M
14.326	PROJECT RENTAL ASSISTANCE DEMONSTRATION (PRA DEMO) PROGRAM OF SECTION 811 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES	$67,225