Finding 587313 (2023-001)

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Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-01-30

AI Summary

  • Answer: Management acknowledges the issue regarding the replacement reserve deficiency.
  • Trend: A commitment to fund the deficiency with $18 has been made.
  • List: Future deposits to the replacement reserve will be made on time.

Finding Text

Management agrees with the finding. The replacement reserve deficiency will be funded in the amount of $18. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $1.71M
14.195 Supportive Housing for the Elderly $261,901