Finding 505265 (2024-001)

Significant Deficiency

Requirement

Questioned Costs

Year

2024

Accepted

2024-11-11

Audit: 327878

Organization: Ecco Senior Housing - Friendship Gardens (WA)

Auditor: Schoedel & Schoedel CPAS PLLC

AI Summary

Answer: The responsible officials acknowledge the finding and agree with it.
Trend: There is a commitment to improve compliance with regulation requirements.
List: Planned actions include recommunicating requirements to ensure monthly deposits are made correctly.

Finding Text

Views of Responsible Officials and Planned Corrective Actions- We agree to the finding and have recommunicated to all those involved, the regulation requirements, to ensure there is a process within those requirements to make the monthly deposits.

Corrective Action Plan

Management has established an additional monthly tracking process to ensure that all reserve payments are being paid timely. Management has added to the property checklist in which Accounting confirms the amount of reserve deposit requirements as noted in the Regulatory Agreement.

Other Findings in this Audit

1081707 2024-001

Significant Deficiency

Programs in Audit

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$134,626