Finding Text
Title and CFDA Number
of Federal Program: Supportive Housing for Persons with Disabilities CFDA Number 14.181
(S3800-011)
Type of Finding: Federal Award Finding
(S3800-015)
Finding Resolution Status: Resolved
(S3800-016)
Information on Universe
Population Size: All monthly replacement reserve deposits for the year ended December 31, 2024.
(S3800-017)
Sample Size Information: 12
(S3800-018)
Identification of Repeat
Finding Reference Number: Not applicable
(S3800-019)
Criteria: In accordance with the regulatory agreement, a monthly deposit in the amount of
(S3800-020) $230 is required to be made to the replacement reserve account.
Statement of Condition: The replacement reserve account was underfunded during the year.
(S3800-030)
Criteria: One monthly deposit was not made for the replacement reserve account during the
(S3800-020) year.
Effect or Potential Effect: The replacement reserve account was underfunded at year-end.
(S3800-033)
Auditor Noncompliance Code: N – Reserve for Replacements Deposits
(S3800-035)
Questioned Cost: $230
(S3800-040)Reporting Views of
Responsible Officials: See management’s response (S3800-150)
(S3800-045)
•FHA/Contract Number: 042-HD035
(3800-037)
•Questioned Costs: $230
(3800-038)
Context: Replacement reserve funds should be deposited in accordance with the
(S3800-050) regulatory agreement.
Recommendation: We recommend that the underfunded amount be deposited into the
(S3800-080) replacement reserve account.
Auditor’s Summary
of the Auditee’s
Comments on the
Finding and
Recommendation:
(S3800-090) Management agreed with the recommendation.
•Response Indicator: Agree
(3800-130)
•Completion Date: February 26, 2025
(3800-140)
Response:
(S3800-1500) Management agreed with the recommendation and corrected the finding prior
to issuance of the audit.
Contact Person: Thomas Lyzen
(S3800-160 to 180)