Finding 1238096 (2026-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2026

Accepted

2026-09-29

Audit: 412934

Organization: Shore Line Place, Inc. (IL)

Auditor: COMER NOWLING AND ASSOCIATES PC

AI Summary

Answer: Management acknowledges the underfunded amount.
Trend: A commitment to deposit $3,491 into the replacement reserve account indicates proactive management.
List: Follow up to ensure the deposit is completed and verify the updated funding status.

Management is aware of the underfunded amount and will deposit the $3,491 into the replacement reserve account.

Management will deposit amount of $3,491 to the replacement reserve and confirm monthly deposits are made in accordance with HUD required amounts.

ALN	Program Name	Expenditures
14.134	MORTGAGE INSURANCE_RENTAL HOUSING	$1.91M
14.195	SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM	$668,157