Single audits filed with the Federal Audit Clearinghouse
$1.4M in federal awards expended in FY2025
Year
Federal $ expended
Auditor
Opinion
Flags
2025
$1.4M
CBIZ Cpas P.c.
Unmodified (clean)
Material weaknessMaterial noncompliance
2024
$1.3M
CBIZ Cpas, P.c.
Unmodified (clean)
Material weaknessMaterial noncompliance
Federal Programs
Top programs · FY2025
Program
Agency
Expended
Major program
Findings
Economic Adjustment Assistance
via Philadelphia Works
Commerce
$1.4M
Yes
1
Community Project Funding/congressionally Directed Spending
via PIDC Community Capital
Labor
$40K
No
0
Audit Findings
FY2025 · auditor's own text
2025-002ReportingMaterial weaknessRepeat finding
Finding No. 2025-002: Reporting – Material Weakness in Internal Control over Compliance
Agency: Economic Development Administration
ALN: 11.307
Federal Award Identification Number: ED22HDQ3070127
Criteria: Under the Committee of Sponsoring Organization framework, control act…
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).