Answer: The security deposit account is lacking sufficient funds.
Trend: This issue may lead to compliance risks and potential financial liabilities.
List: Review funding requirements, assess current account balance, and ensure timely replenishment.
Finding Text
THE SECURITY DEPOSIT ACCOUNT IS NOT FULLY FUNDED.
Corrective Action Plan
MANAGEMENT AGREENS WITH THE FINDING. THE SECURITY DEPOSIT DEFICIENCY WILL BE FUNDED IN THE AMOUNT OF $187. MANAGEMENT WILL ENSURE THAT THE SECURITY DEPOSITS ARE PROPERLY FUNDED IN THE FUTURE.