FAC Explorer

Finding 560414 (2024-002)

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Requirement
P
Questioned Costs
$1
Year
2024
Accepted
2025-05-15
Audit: 356323
Organization: Booth Manor, Inc. (IN)
Auditor: Comer Nowling and Associates PC

AI Summary

  • Answer: Monthly deposits to the replacement reserve were not made after management change.
  • Trend: Only $15,000 was deposited in the year before the management change, indicating a downward trend in compliance.
  • List: Follow up on the missing $3,000 monthly deposits for 2024 and ensure future compliance with deposit requirements.

Finding Text

Monthly deposits totaling $18,000 should have been made to the replacement reserve during 2024. After the change in management, deposits were not made. Only $15,000 of deposits were made during the year prior to the change in management.

Corrective Action Plan

New management has taken over and will make the delinquent deposit to the replacement reserve of $3,000 and establish transfers for the monthly deposit amount.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $335,581