FAC Explorer

Finding 619794 (2022-001)

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Requirement
C
Questioned Costs
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Year
2022
Accepted
2023-09-27
Audit: 49594
Organization: Warren Plaza (PA)
Auditor: Louis Plung & CO

AI Summary

  • Answer: The reserve for replacement is insufficient to cover future asset needs.
  • Trend: Recent evaluations show a consistent shortfall in funding for asset replacements.
  • List: Review current reserve levels, assess future asset replacement costs, and adjust funding strategies accordingly.

Finding Text

RESERVE FOR REPLACEMENT

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $1.06M
14.195 Section 8 Housing Assistance Payments Program $139,139