Finding Text
Condition: The required residual receipts deposit was deficient by $910. Critiera: HUD compliance requires prior year surplus cash to be deposited into residual receipts account. Effect: Violation of HUD compliance rules for the residual receipts account. Cause: Management tranposed the $ required to be deposited. Recommendation: Make up the $910 deficiency. Views of responsible officials and planned corrective action: Management will make up the deficient deposit as soon as possible.