Answer: Monthly deposits to the replacement reserve are short by $149.
Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
List: Follow up by reviewing deposit schedules and adjusting future contributions to meet requirements.
Finding Text
Required monthly deposits to the replacement reserve are deficient in the amount of $149.
Corrective Action Plan
Management Agrees with the findings. The replacement reserve deficiency will be funded in the amount of $149. Management will ensure that the replacement ereserve deposits are made on a timely basis in the future.