Finding Text
Finding 2022-003: Federal program - Section 8 Housing Assistance Payments: Criteria - the property?s security deposit cash should be sufficient to cover the tenant?s security deposit liability amount; Condition - at year end, the security deposit cash account is deficient by $1,730; Cause - management oversight; Recommendation - management should transfer a sufficient amount from the operating account to the security deposit cash account. Response: Management will transfer a sufficient amount from the operating account to the security deposit account.