Answer: The project failed to deposit surplus cash into the Residual Receipts account within the required 90 days after the fiscal year-end.
Trend: This issue indicates a pattern of non-compliance with financial regulations, which could lead to further scrutiny.
List: Follow up by reviewing the deposit process, ensuring timely compliance, and implementing reminders for future deadlines.
Finding Text
The regulatory agreement requires the project to deposit "surplus cash" into a Residual Receipts account with 90 days after the year end of the fiscal year.