Finding 587314 (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 deposit of $34 was made on August 17, 2023, to address the deficiency.
  • List: Management commits to making future replacement reserve deposits on time.

Finding Text

Management agrees with the finding. The replacement reserve deficiency was funded on August 17, 2023 in the amount of $34. Management will ensure that the replacement reserve deposits are made on a timely basis in the future.

Categories

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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 $4.18M
14.195 Supportive Housing for Persons with Disabilities $482,970