FAC Explorer

Finding 503357 (2024-001)

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Requirement
P
Questioned Costs
$1
Year
2024
Accepted
2024-10-22
Audit: 325507
Organization: Friendship House North Two, Inc. (IN)
Auditor: Comer Nowling and Associates PC

AI Summary

  • Answer: The project has a $2,000 shortfall in its reserve for replacement.
  • Trend: This under-funding puts the project out of compliance with the Regulatory Agreement.
  • List: Follow up by assessing funding strategies to meet compliance requirements.

Finding Text

The Project’s reserve for replacement is under-funded by $2,000 and is out of compliance with the Regulatory Agreement.

Corrective Action Plan

The Project implemented a new system in place to ensure all replacement reserve deposits are deposited within the audit period.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $75,282