FAC Explorer
Audits
Audits
Findings
Corrective Action Plans
Auditors
Federal Awards
Debarment Checks
Blog
2 CFR 200
2 CFR Explained
Findings Analysis
Login
Register
Audits
Audits
Findings
Corrective Action Plans
Auditors
Federal Awards
Debarment Checks
Blog
2 CFR 200
2 CFR Explained
Findings Analysis
More
Organizations
Segments
Contacts
Docs
Account
Login
Register
Dashboard
Findings
Finding 946115
Finding 946115
(2023-001)
-
Requirement
P
Questioned Costs
$1
Year
2023
Accepted
2024-02-19
Audit:
291066
Organization:
The Salvation Army Chicago City Fund
(IL)
Auditor:
Comer Nowling and Associates PC
AI Summary
Answer:
The Corporation failed to fully fund the replacement reserve.
Trend:
This underfunding could lead to future financial shortfalls for maintenance and replacements.
List:
Review funding practices, assess potential impacts, and ensure compliance with funding requirements moving forward.
Finding Text
The Corporation did not fund the replacement reserve in the full amount required.
Categories
Questioned Costs
Other Findings in this Audit
369673
2023-001
-
369674
2023-002
-
946116
2023-002
-
Programs in Audit
ALN
Program Name
Expenditures
14.157
Supportive Housing for the Elderly
$323,332