Finding 502439 (2024-002)

Requirement

Questioned Costs

Year

2024

Accepted

2024-10-10

Audit: 324454

Organization: Conroe Voa Elderly Housing, INC (camelot Pines) (VA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $2,631.
Trend: This deficiency indicates a consistent issue with funding the reserve.
List: Follow up by reviewing deposit schedules and ensuring compliance with funding requirements.

Required monthly deposits to the replacment reserve are deficient in the amount of $2,631.

Management agrees with the finding. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$2.65M