FAC Explorer

Finding 519894 (2024-001)

-
Requirement
N
Questioned Costs
$1
Year
2024
Accepted
2025-01-22
Audit: 339223
Organization: Rodsewood Housing Corporation (MO)
Auditor: Ralph C Johnson & CO PC

AI Summary

  • Answer: The Project lacks sufficient funds in the security deposit account to meet its liabilities.
  • Trend: This indicates a potential risk of non-compliance with financial obligations.
  • List: Review funding sources, assess cash flow, and ensure timely deposits to maintain compliance.

Finding Text

The Project does not have enough funds in the security deposit account to cover the security deposit liabilities..

Corrective Action Plan

MANAGEMENT WILL FUND THE ACCOUNT AS SOON AS FUNDS ARE AVAILABLE

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $1.38M
14.195 Project-Based Rental Assistance (pbra) $93,564