TENTS OF GRACE MANOR HOUSING INC

Finding Reference Number: 2019-1 Title and CFDA Number of Federal Program: Housing of Urban Development Section 202 Capital Advance; 14.157 Finding Resolution Status: Resolved Information on Universe Population Size: N/A Sample Size information: N/A Identification of Repeat Finding and Finding Reference Number: N/A Statement of Condition: As of May 31, 2019 the Replacement Reserve account had delinquent deposits of $750. Criteria: Compliance with HUD regulations and the regulatory agreement requires the project to make monthly deposits in an amount determined by HUD. Cause: Management Oversight Effect or Potential Effect: Delinquent Replacement Reserve deposits could result in funds being insufficient to replace items as needed. Auditor Non-compliance Code: N - Replacement Reserve Deposits Amount of Questioned Costs: $750 Reporting Views of Responsible Officials: We agree with the finding. We have deposited the delinquent amount of $750 into the Replacement Reserve account on August 27, 2019. FHA/Contract Number: 042-EE157-NP-WAH Recommendation: Deposit the deficient amount into the Replacement Reserve account as soon as possible. Auditor's Summary of the Auditee's Comments on the Findings and Recommendations: Management agrees with the finding and has deposited the delinquent amount of $750 into the Replacement Reserve account on August 27, 2019. Agree or Disagree with auditor recommendations: Agree Completion Date or Proposed Completion Date: 8/27/19 Response: We agree with the finding. We have deposited the delinquent amount of $750 into the Replacement Reserve account on August 27, 2019. Contract Person: Brian Knoll

GSA_MIGRATION