Finding 1208576 (2025-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-04-23

AI Summary

  • Answer: The replacement reserve is short by $8,442.
  • Trend: This indicates a potential ongoing issue with funding adequacy for future replacements.
  • List: Recommend reviewing funding strategies and adjusting contributions to meet reserve requirements.

Finding Text

Replacement reserve is deficient in the amount if $8,442.

Corrective Action Plan

Management agrees with the finding. The replacement resreve deficiency was funded on March 18, 2026 in the amount of $8,442. Management wille nsure that replacement reserve loans are repaid on a timely basis in the future.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1208577 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.181 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES $2.41M