Answer: Monthly deposits to the replacement reserve are short by $6,250.
Trend: This deficiency indicates a potential ongoing issue with funding reserves.
List: Follow up to ensure future deposits meet required amounts and assess the impact on financial planning.
Finding Text
Required monthy deposits to replacement reserve are deficient in the amount of $6,250.
Corrective Action Plan
Management agrees with the finding. The replacement reserve deficiency was funded on March 11, 2025 in the amount of $6,250. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.