Finding Text
S3800-011 - Title and Federal Assistance Listing Number of Federal Program: 14.157 - Supportive Housing for the elderly S3800-015 - Type of Finding: Federal Award Finding; S3800-016 - Finding Resolution Status: In Process; S3800-017 - Information on Universal Population Size: N/A; S3800-018 - Sample Size Information: N/A; S3800-019 - Identification of Repeat Finding and Finding Reference Number: N/A; S3800-020 - Criteria: Pursuant to the requirements of the regulatory agreement the Organization is required to comply with all HUD regulations and other requirements. The Regulatory Agreement establishes the requirement to fund a replacement reserve in an amount determined by HUD.; S3800-030 - Statement of Condition: During the year ended December 31, 2024 reserve deposits totaling $45,256 were not made as required by the regulatory agreement.; S3800-032 - Cause: The Organization did not have the funds to make required deposits to fund the replacement reserve.; S3800-033 - Effect or Potential Effect: The Organization is not in compliance with the terms of the regulatory agreement.; S3800-035 - Auditor Non-Compliance Code: N. Reserve for replacement deposit; S3800-040 - Questioned Costs: $45256; S3800-045 - Reporting Views of Responsible Officials: The Organization did not have sufficient cash flow to make the required deposits. The management agent has reflected the delinquent reserve payments as a payable at December 31, 2024 and is making deposits as cash flow allows.; S3800-050 - Context: The Organization did not have sufficient cash flow to make the monthly deposits in 2024.; S3800-080 - Recommendation: The delinquent deposits should be funded and all future deposits should be made timely.; S3800-090 - Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Auditor agrees with auditee’s comments on the finding and recommendations.; S3800-130 - Response Indicator: Agree; S3800-140 - Completion Date: 12/31-2025; S3800-150 - Response: The Organization obtained a 6 month suspension of deposits and is making the delinquent deposits as cash flow allows