Finding Text
Finding No. 2022-001 ? Federal Assistance Listing Number Name of Federal Program or Cluster 14.181 Supportive Housing for Persons with Disabilities Information on the Universe Population Size 12 monthly payments Sample Size Information 12 monthly payments Identification of Repeat Finding Reference Number N/A Criteria The regulatory agreement requires monthly payments to fund the replacement reserve. Statement of Condition Eight monthly payments were not made to the replacement reserve during the year. Cause The deposit was not made due to management oversight. Effect or Potential Effect The replacement reserve fund is underfunded by a total of $6,452. Auditor Non-Compliance Code N- Reserve for Replacements Deposits Questioned Costs There were no known questioned costs. Perspective The finding represents an instance of management oversight due to change in management personnel positions. Repeat Finding No Recommendations Auditor recommends that the Entity fund the reserve immediately to make it current and create a better system of controls to ensure no future occurances. Views of Responsible Officials See corrective action plan.