Finding 1213759 (2025-002)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2025
Accepted
2026-05-05

AI Summary

  • Core Issue: The project is short $163 in required deposits to the reserve for replacements (RFR) for 2025.
  • Impacted Requirements: Full deposits were not made for January and February, leading to a deficiency in the RFR account.
  • Recommended Follow-Up: The project should promptly make the necessary deposits to rectify the deficiency.

Finding Text

Questioned Costs: $163 Information on Universe and Population Size: N/A Sample Size Information: N/A Noncompliance Information: Project did not make the total required deposits to reserve for replacements (RFR) accounting during the year ended December 31,2025 Condition: The RFR account is deficient $163 in deposits for the year ending December 31, 2025. Criteria: The Project did not make the full deposit required for the months of January and February so the annual deposits were deficient. Effect or Potential Effect: The Project did not make the full amount of the required deposits to RFR account during the year ended December 31, 2025 and the RFR account is deficient $163 in deposits as of December 31, 2025. Recommendation: The Project should make the required deposits as soon as feasible. Reporting Views of Responsible Officials: Those charged with governance agree with the finding and will make the remaining 2025 deposit due as soon as feasible

Corrective Action Plan

Those charged with governance agree with the finding and will make the remaining 2025 deposit due as soon as feasible. The deposit was made April 17, 2026

Categories

Reporting

Other Findings in this Audit

  • 1213758 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.181 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES $1.12M
14.195 SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM $160,207