Single audits filed with the Federal Audit Clearinghouse
$1.0M in federal awards expended in FY2025
Year
Federal $ expended
Auditor
Opinion
Flags
2025
$1.0M
McDonald Jacobs
Unmodified (clean)
Federal Programs
Top programs · FY2025
Program
Agency
Expended
Major program
Findings
Economic Development Initiative
HUD
$1.0M
Yes
2
Audit Findings
FY2025 · auditor's own text
2025-001Cash managementMaterial weakness
Finding # 2025-001
Type: Material weakness over compliance with cash management
Assisting Listing Number: 14.251
Federal Agency: Department of Housing and Urban Development
Name of Federal Program: Economic Development Initiative
Requirement:
Cash management and federal draw down…
2025-002Equipment & real propertySignificant deficiency
Finding # 2025-002
Type: Significant deficiency in internal controls over compliance with equipment and
real property management
Type: Immaterial noncompliance
Assisting Listing Number: 14.251
Federal Agency: Department of Housing and Urban Development
Name of Federal Program: Ec…
Source: Federal Audit Clearinghouse single audits (required of organizations expending $1,000,000+ in federal awards per year for fiscal years beginning on or after Oct 1, 2024; $750,000 before).