Single audits filed with the Federal Audit Clearinghouse
$3.7M in federal awards expended in FY2024
Year
Federal $ expended
Auditor
Opinion
Flags
2024
$3.7M
McConnell Jones LLP
Unmodified (clean)
Material weakness
2023
$834K
McConnel Jones, LLP
Unmodified (clean)
Material weakness
Federal Programs
Top programs · FY2024
Program
Agency
Expended
Major program
Findings
Economic Adjustment Assistance
Commerce
$2.8M
Yes
2
NeighborWorks America
via Neighborhood Reinvestment Corporation
Agency 99
$526K
No
0
Community Development Block Grants/entitlement Grants
via Enterprise Community Partners
HUD
$269K
No
0
Community Development Block Grants/entitlement Grants
via City of Houston
HUD
$183K
No
0
Section 4 Capacity Building for Community Development and Affordable Housing
HUD
$10K
No
0
Audit Findings
FY2024 · auditor's own text
2024-003ReportingSignificant deficiency
Condition: The Schedule of Expenditures of Federal Awards (SEFA) initially prepared by
management did not include the required detail on expenditures incurred under federal programs.
The client’s accounting system (QuickBooks) lacked the functionality to effectively track grantfu…
Condition: During our review of expense allocations charged to the Economic Development
Administration (EDA) for the Chew Street Technology Center Project, we noted that the client did
not appropriately account for EDA grant draws:
- January 2024 Draw #3 totaling $144,654 was ful…
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).