FAC Explorer

Finding 3422 (2023-001)

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Requirement
M
Questioned Costs
$1
Year
2023
Accepted
2023-12-05
Audit: 5363
Organization: Oak Springs Villas, Inc. (TX)
Auditor: Maddox & Associates Apc

AI Summary

  • Issue: The security deposit account was not consistently funded.
  • Trend: This indicates a recurring problem that could affect financial stability.
  • Recommendation: Ensure regular monitoring and funding of the account to meet requirements.

Finding Text

The security deposit account was not fully funded at all times.

Corrective Action Plan

Management agrees with the finding. The funds were reimbursed on October 17, 2022 in the amount of $11,000.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $3.50M