Single audits filed with the Federal Audit Clearinghouse
$1.1M in federal awards expended in FY2025
Year
Federal $ expended
Auditor
Opinion
Flags
2025
$1.1M
Grant Thornton
Unmodified (clean)
Federal Programs
Top programs · FY2025
Program
Agency
Expended
Major program
Findings
2023 MBDA Capital Readiness Program
Commerce
$824K
Yes
1
Economic Adjustment Assistance
via Chicago Cook Workforce Partnership
Commerce
$291K
No
0
Economic Development Technical Assistance
Commerce
$15K
No
0
Audit Findings
FY2025 · auditor's own text
2025-001Allowable costsMaterial weakness
Finding 2025-001: Allowable Costs/Cost Principles (Material Weaknesses and Noncompliance) Federal Agency: Department of Commerce
Assistance Listing Number and Title: 11.034 - MBDA Capital Readiness Program
Criteria: Per 2 CFR §200.430, Compensation - personal services, (i) Standa…
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).