FAC Explorer

Finding 1169807 (2025-003)

Material Weakness Repeat Finding
Requirement
LN
Questioned Costs
-
Year
2025
Accepted
2026-01-20
Audit: 382933
Organization: Chesapeake Voa Living Center, INC (VA)
Auditor: MADDOX & ASSOCIATES APC

AI Summary

  • Answer: Monthly deposits to the replacement reserve are short by $350.
  • Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
  • List: Follow up by reviewing deposit schedules and adjusting future contributions to meet requirements.

Finding Text

Required monthly deposits to the replacement reserve are deficient in the amount of $350.

Corrective Action Plan

Management Agrees with the finding. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1169805 2025-001
    Material Weakness Repeat
  • 1169806 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.181 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES $758,440