Finding Text
During the year ended November 30, 2023, the project did not make the required monthly deposits to the replacement reserve as disclosed. The project was required to make monthly deposits to the reserve in the amount of $5,000 and $14,431 related to Finding 2022-002. Total cumulative deposits due to the replacement reserve during the year ended November 30, 2023 were $74,431 of which the project made deposits of $53,092 leaving an amount remaining due to the reserve of $21,339.