FAC Explorer

Finding 587961 (2023-001)

- Repeat Finding
Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-02-02
Audit: 15356
Organization: El Redentor Apartments Ii, Inc. (el Redentor Apts, Ii) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Monthly deposits to the replacement reserve are short by $9,000.
  • Trend: This deficiency indicates a potential ongoing issue with funding the reserve.
  • List: Recommend reviewing deposit schedules and adjusting future contributions to meet requirements.

Finding Text

Required monthly deposits to the replacement reserve are deficient in the amount of $9,000.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 11519 2023-001
    - Repeat

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $2.03M