Finding Text
Federal program - Section 8 Rental Assistance: Criteria - the management agreement specifies that only certain cash receipts be used in the calculation of the management fee earned; Condition - the management fee was overcharged by $1,572 due to the inclusion of replacement reserve withdrawals in the base calculation; Cause - management oversight; Recommendation - management should process a credit for the overcharge and offset unpaid charges due the management agent. Response: Management will process a credit and offset unpaid charges due the management agent.