FAC Explorer

Finding 554092 (2024-001)

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Requirement
A
Questioned Costs
-
Year
2024
Accepted
2025-04-04
Audit: 352734
Organization: Casa Milagro (NM)
Auditor: Bloom and Bloom LLP

AI Summary

  • Answer: The security deposit cash account is underfunded by $1,136.
  • Trend: This discrepancy indicates a potential ongoing issue with cash management for security deposits.
  • List: Follow up by reconciling the cash account, reviewing funding processes, and ensuring compliance with liability requirements.

Finding Text

Security deposit cash account is not fully funded, the bank reflects a balance of $1,995 while thesecurity deposit liability aggregates to $3,131.

Corrective Action Plan

The owner agrees and will fully fund the security deposit.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $135,445
14.267 Continuum of Care Program $110,245