Answer: The required deposit of residual receipts for fiscal year 2019 is missing.
Trend: This indicates a potential pattern of non-compliance with financial deposit requirements.
List: Follow up by verifying the status of the deposit and implementing measures to ensure timely compliance in the future.
Finding Text
The residual receipts deposit required in fiscal year 2019 has not been made.
Corrective Action Plan
The project had insufficient cash to make the required deposit. Management is in consultation with the HUD representative for an acceptable solution with anticipated resolution by October 31, 2024.