Finding 587324 (2023-001)

- Repeat Finding

Requirement

Questioned Costs

Year

2023

Accepted

2024-01-30

Audit: 14632

Organization: Orlando Voa Elderly Housing, Inc. (silver Lakes Village Apts) (LA)

Auditor: Maddox & Associates Apc

AI Summary

Answer: Monthly deposits to the replacement reserve are short by $51,188.
Trend: This deficiency indicates a consistent issue with funding the reserve.
List: Recommend reviewing funding procedures and adjusting future deposits to meet requirements.

Required monthly deposits to the replacement reserve are deficient in the amount of $51,188.

ALN	Program Name	Expenditures
14.157	Supportive Housing for the Elderly	$8.12M
14.318	Assisted Housing Stability and Energy and Green Retrofit Investments Program (recovery Act Funded)	$1.24M