Answer: Monthly deposits to the replacement reserve are short by $816.
Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
List: Review deposit schedules, adjust future contributions, and ensure compliance with funding requirements.
Finding Text
REQUIRED MONTHLY DEPOSITS TO THE REPLACEMENT RESERVE ARE DEFICIENT IN THE AMOUNT OF $816.
Corrective Action Plan
Management agrees with the finding. The replacement reserve deficiency was funded on August 26, 2025 in the amount of $747. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.