Finding Text
Federal program - Sections 8 and 202: Criteria - HUD regulations specify that the security deposit cash account be sufficiently funded to cover tenant security deposit liabilities; Condition - the tenant security deposit liability accounts are deficient by $211; Cause - management oversight; Recommendation - management should deposit the deficient amounts to the security deposit cash accounts to adequately fund the Section 8 and Section 202 security deposit liability accounts. Response: Management will adequately fund the security deposit cash accounts to equal the security deposit liability accounts.