Core Issue: No deposits have been made to the reserve for replacements account, totaling $1,448 as of December 31, 2025.
Impacted Requirements: This lack of deposits may violate financial management policies regarding reserve funding.
Recommended Follow-Up: Review and implement a plan to ensure timely contributions to the reserve account moving forward.
Finding Text
Condition/Context At December 31, 2025, deposits to the reserve for replacements account in a cumulative amount of $1,448 have not been made.
Corrective Action Plan
Management should transfer excess funds from the operating account to the reserve for replacements account and continue to work toward bringing the delinquent accounts current. Management should implement automated reminders and tracking measures to address the delay and ensure timely completion of all future recertifications.