Single audits filed with the Federal Audit Clearinghouse
$3.6M in federal awards expended in FY2025
Year
Federal $ expended
Auditor
Opinion
Flags
2025
$3.6M
Sutton Frost Cary LLP
Unmodified (clean)
2024
$4.1M
Sutton Frost Cary LLP
Unmodified (clean)
Federal Programs
Top programs · FY2025
Program
Agency
Expended
Major program
Findings
Economic Development Initiative, Community Project Funding, and Miscellaneous Grants
HUD
$3.6M
Yes
1
Audit Findings
FY2025 · auditor's own text
2025-001ReportingSignificant deficiency
Finding 2025‐001: Reporting – Significant deficiency in internal controls over compliance and
compliance finding.
Criteria: Under this grant program, the Foundation is required to complete semi‐annual
performance reports in the Disaster Recovery Grant Reporting (DRGR) system.
Con…
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).