FAC Explorer

Audit 368849

FY End
2024-12-31
Total Expended
$1.44M
Findings
1
Programs
1
Organization: Transform 1012 N. Main Street (TX)
Year: 2024 Accepted: 2025-09-29
Auditor: Sutton Frost Cary LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1156488 2024-002 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
14.251 Economic Development Initiative, Community Project Funding, and Miscellaneous Grants $1.44M Yes 1

Contacts

Name Title Type
EKVVCB64KNM3 Carlos Gonzalez-Jaime Auditee
8176313396 Brian Razloznik Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Transform 1012 N. Main Street (Organization). The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization has elected to not use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.

Finding Details

Finding 2024-002
Finding 2024-002: Reporting – significant deficiency in internal controls over compliance Economic Development Initiative, Community Project Funding and Miscellaneous grants Criteria: The Organization’s control over compliance stipulate that all reports submitted to grantor be approved by management. Condition: During reporting testing for federal grants prior to submission 2 of 2 reports submitted did not have documented approval from management. Cause: The Organization’s procedure included a verbal approval of reports and therefore, management approval could not be confirmed or reperformed. Effect: The Organization’s bi-annual reporting is not fully documented in accordance with internal control procedures over compliance. Questioned Costs: None Recommendation: Management should ensure documentation of management approval of all reports are kept on file. Management’s Response: See corrective action plan.