FAC Explorer

Finding 519797 (2024-002)

Material Weakness
Requirement
E
Questioned Costs
$1
Year
2024
Accepted
2025-01-21
Audit: 338985
Organization: Mattapan Center for Life, Inc. 023-Ee-037 (MA)
Auditor: Cohenreznick

AI Summary

  • Answer: The project missed three monthly deposits to the replacement reserve totaling $11,294.
  • Trend: This indicates a pattern of non-compliance with financial obligations.
  • List: Follow up by ensuring future deposits are made on time and reviewing financial management practices.

Finding Text

During the year ended September 30, 2024, the project did not make three required monthly deposits to the replacement reserve in the amount of $11,294. The project is required to make monthly deposits to the reserve in the amount of $3,765.

Corrective Action Plan

Management concurs with the finding. On October 3, 2024 and October 17, 2024, reserve for replacement deposits in the amount of $3,765 and $3,765 were paid to the replacement reserve, respectively. On December 13, 2024, reserve for replacement deposits in the amount of $3,765 were paid to the replacement reserve.

Categories

Questioned Costs

Other Findings in this Audit

  • 519796 2024-001
    Material Weakness
  • 519798 2024-001
    Material Weakness
  • 519799 2024-002
    Material Weakness
  • 1096238 2024-001
    Material Weakness
  • 1096239 2024-002
    Material Weakness
  • 1096240 2024-001
    Material Weakness
  • 1096241 2024-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $531,506