Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
CDA places Beloit Road Senior Apartments audit on file, staff warns of underlying operating pressures
Summary
The authority accepted an audit prepared by Baker Tilly for Beloit Road Senior Apartments LLC and placed it on file; staff said the audit was clean but highlighted ongoing expense pressures, deferred maintenance and constrained cash flow at the 104‑unit project‑based voucher property.
The West Allis Community Development Authority received and placed on file an audit of Beloit Road Senior Apartments LLC prepared by Baker Tilly, U.S. LLP. The authority approved the audit for the record; staff said the audit itself contains no findings but that there are significant underlying operating pressures that require attention.
Patrick, a housing authority staff member, said the audited “loss” is largely an accounting matter tied to payments the authority would waive in exchange for property return, and that Baker Tilly’s written audit contained no material weaknesses. He said staff has identified…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
