Finding 1216464 (2023-005)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2026-06-03

AI Summary

  • Answer: The tenant security deposits cash account is underfunded by $9,949 as of November 30, 2023.
  • Trend: This indicates a potential ongoing issue with funding tenant security deposits.
  • List: Management should prioritize funding the account to meet requirements and avoid future discrepancies.

Finding Text

As of November 30, 2023 management has not fully funded the tenant security deposits cash account. The tenant security deposits cash account was underfunded by $9,949.

Corrective Action Plan

The required funds have been transferred to the tenant security account as required.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1216461 2023-002
    Material Weakness Repeat
  • 1216462 2023-003
    Material Weakness Repeat
  • 1216463 2023-004
    Material Weakness Repeat
  • 1216465 2023-006
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 SUPPORTIVE HOUSING FOR THE ELDERLY $7.26M