Answer: Monthly deposits to the replacement reserve are short by $1,286.
Trend: This deficiency indicates a consistent 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 $1,286.
Corrective Action Plan
Management Agrees with the finding. The replacement reserve deficiency was funded on July 31, 2025 in the amount of $1,286. Management will ensure that the replacement reserve deposit are made on a timely basis in the future.