FAC Explorer

Finding 969175 (2023-001)

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Requirement
N
Questioned Costs
-
Year
2023
Accepted
2024-04-09
Audit: 303016
Organization: St. Tammany Manor, Inc. (rouquette Lodge Apts.) (LA)
Auditor: Maddox & Associates Apc

AI Summary

  • Answer: Monthly deposits to the replacement reserve are short by $1,976.
  • Trend: This deficiency indicates a consistent issue with funding the reserve.
  • List: Follow up by reviewing deposit schedules and ensuring future contributions meet required amounts.

Finding Text

Required monthly deposits to the replacement reserve are deficient in the amount of $1,976.

Categories

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Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $5.51M
14.195 Section 8 Housing Assistance Payments Program $1.05M