Finding Text
Criteria or specific requirement: Monthly deposits are required to be made to the replacement reserve account. Condition: Monthly deposits were not made. Deposits were made every few months and total amount deposited ties to the required total deposits for the year. Questioned costs: N/A Context: Required deposits were made but they were not made monthly due to cash flow restraint. Cause: Required deposits were made but they were not made monthly due to cash flow restraint. Effect: Not in compliance with monthly requirement. Repeat Finding: No Recommendation: The Organization should make the required deposits monthly. Views of responsible officials: There is no disagreement with the audit finding.