Finding 578869 (2023-003)

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Requirement
N
Questioned Costs
-
Year
2023
Accepted
2023-11-27
Audit: 4162
Organization: East Long Pond Apartments, Inc. (RI)
Auditor: D'ambra CPA

AI Summary

  • Answer: One deposit to the replacement reserve was late.
  • Trend: Staffing changes led to the delay in making the deposit.
  • List: Management should ensure timely monthly deposits moving forward.

Finding Text

Condition: One deposit to the replacement reserve was late; Criteria: the PRAC contract specifies the amount of the monthly deposits to be funded; Effect: None; Cause: Due to change in staffing, one month’s deposit was made late. Recommendation: Management should make every effort to make the required monthly deposits. Management comment: Management will make every effort to make the required monthly deposits.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.239 Home Investment Partnerships Program $221,276
14.181 Supportive Housing for Persons with Disabilities $135,344