FAC Explorer

Finding 1228049 (2026-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2026
Accepted
2026-08-27
Audit: 409883
Organization: Dogwood Place, Inc. (IN)
Auditor: COMER NOWLING AND ASSOCIATES PC

AI Summary

  • Answer: Management has fully funded the reserve for replacement account with a deposit of $16,062.
  • Trend: This action indicates a commitment to maintaining financial stability and preparing for future expenses.
  • List: Ensure ongoing monitoring of the reserve account and assess future funding needs.

Finding Text

Management deposited $16,062 to the reserve for replacement account to fully fund the account.

Corrective Action Plan

Management is in process with HUD to get monthly deposits suspended so the Corporation has cash available for operating expenses.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1228048 2026-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.181 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES $71,747