FAC Explorer

Finding 975029 (2023-001)

Significant Deficiency
Requirement
A
Questioned Costs
-
Year
2023
Accepted
2024-05-28
Audit: 307328
Organization: Burbank Orchards, Inc. (CA)
Auditor: Allan Liu CPA

AI Summary

  • Issue: The authorized replacement reserve was not preapproved, which violates our internal controls.
  • Trend: This lack of preapproval could lead to unauthorized expenditures and financial discrepancies.
  • Follow-up: Ensure all future replacement reserves are preapproved and review current processes for compliance.

Finding Text

2023-001 Authorized replacement reserve not preapproved.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 398587 2023-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $1.31M
14.195 Section 8 Housing Assistance Payments Program $556,801