U.S. Government Accountability Office

Reserve Accounts

77.	Does your office gather information about the capital needs of properties under your jurisdiction?
	*(Check only one answer)*
	1.		Yes (GO TO QUESTION 78.)
	2.		No (GO TO QUESTION 81.)
	3.		Don't know (GO TO QUESTION 81.)
	4.		No response

78.	In Question #77, you indicated that your office gathers information about capital needs. Which of the following are ways your office gathers this information? Please check one for each.

		Yes	No	Don't know	No response
	a. By monitoring project worksheets.
	b. By monitoring reserve account usage.
	c. By conducting annual physical inspections.
	d. By conducting triennial inspections.
	e. By conducting capital needs assessments.
	f. By reviewing projects' independent Certified Public Accountant (CPA) audits.
	g. Through communicating with borrowers/owners.
	h. Other(s), please specify below

	Other

79.	How frequently do properties under your office's jurisdiction have their capital needs met through the amounts in their reserve accounts?
	*(Check only one answer)*
	1.		Very frequently
	2.		Fairly frequently
	3.		Occasionally
	4.		Rarely
	5.		Never
	6.		Don't know
	7.		No response

80.	Does your office approve rent increases in order to raise the reserve account balance when it is determined through a capital needs assessment that the balance is too low for a property's needs?
	*(Check only one answer)*
	1.		Yes
	2.		No
	3.		Don't know
	4.		Not applicable, this is not a responsibility of this office.
	5.		No response

81.	Does your office monitor the use of property reserve accounts?
	*(Check only one answer)*
	1.		Yes (GO TO QUESTION 82.)
	2.		No (GO TO QUESTION 83.)
	3.		Don't know (GO TO QUESTION 83.)
	4.		No response

82.	In Question #81, you indicated that your office monitors the use of property reserve accounts. Please describe below how and when your office monitors reserve account usage.

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