FAC Explorer

Finding 673 (2023-001)

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Requirement
P
Questioned Costs
$1
Year
2023
Accepted
2023-10-25
Audit: 1253
Organization: B.l. Trevathan/hatler E. Morgan Elderly Housing, Inc. (KY)
Auditor: Comer Nowling and Associates PC

AI Summary

  • Issue: The tenant security deposit account is short by $225 as of March 31, 2023.
  • Trend: This underfunding indicates a potential ongoing issue with managing tenant deposits.
  • Follow-up: Review funding practices and ensure the account is properly maintained moving forward.

Finding Text

The Corporation’s tenant security deposit account is underfunded by $225 during the year ended March 31, 2023.

Corrective Action Plan

Management deposited $250 into the tenant security deposit account on May 19, 2023.

Categories

Questioned Costs

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $88,318