FAC Explorer

Finding 1169229 (2025-002)

Material Weakness Repeat Finding
Requirement
IN
Questioned Costs
-
Year
2025
Accepted
2026-01-15
Audit: 382152
Organization: Prince George's County Voa Living Center I, Inc. (LA)
Auditor: MADDOX & ASSOCIATES APC

AI Summary

  • Answer: Monthly deposits to the replacement reserve are short by $2,840.
  • Trend: This deficiency indicates a consistent underfunding issue that needs to be addressed.
  • List: Review funding strategy, adjust monthly deposit amounts, and monitor compliance moving forward.

Finding Text

Required monthly deposits to the replacement reserve are deficient in the amount of $2,840.

Corrective Action Plan

Management Agrees with the findings. The replacement reserve deficiency was funded on August 18, 2025 in the amount of $2,840. Management will ensure that the replacement reserve account is properly funded in the future.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1169228 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.181 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES $1.21M