CORRECTIVE ACTION PLAN
Auditee: CAAP Housing, Inc.
HUD Project Number: 073-11685
Audit Firm: Agresta, Storms & O’Leary PC
Audit Period Ended December 31, 2023
Corrective Action Plan Prepared by:
Name: Chuck Pechette
Position: President, Mark III Management
A. Current Findings on the Schedule of Findings, Questioned Costs, and Recommendations
Finding No. 2023-001
A. Comments on the Finding and Each Recommendation:
Management agrees with the finding that the security deposit cash account was underfunded at December 31, 2023.
B. Action Taken or Planned on the Finding:
Management will transfer the required funds to the security deposit cash account when the funds are available.
B. Status of Corrective Actions on Findings Reported in the Prior Audit Schedule of Findings, Questioned Costs, and Recommendations
See Finding No. 2023-001 for status of Finding No. 2022-001.
Respectfully Submitted,
Chuck Pechette
President
Mark III Management