FAC Explorer

Finding 582816 (2023-001)

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Requirement
N
Questioned Costs
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Year
2023
Accepted
2023-12-22
Audit: 8235
Organization: Whispering Hope, Inc. (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Monthly deposits to the replacement reserve are short by $7,200.
  • Trend: This deficiency indicates a consistent underfunding issue that could impact future reserve availability.
  • List: Recommend reviewing funding strategies and adjusting future deposits to meet required amounts.

Finding Text

Required monthly deposits to the replacement reserve are deficient in the amount of $7,200.

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $4.36M
14.239 Home Investment Partnerships Program $52,940