FAC Explorer

Audit 395914

FY End
2025-06-30
Total Expended
$8.48M
Findings
1
Programs
12
Organization: Economic Development and Industrial Corporation of Boston (MA)
Year: 2025 Accepted: 2026-03-30
Auditor: DANIEL DENNIS & COMPANY LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
1201240 2025-001 Material Weakness Yes L

Programs

ALN Program Spent Major Findings
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $4.15M Yes 0
11.307 ECONOMIC ADJUSTMENT ASSISTANCE $1.17M Yes 0
17.289 COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING $1.12M Yes 1
17.285 REGISTERED APPRENTICESHIP $900,795 Yes 0
14.218 COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS $277,815 Yes 0
17.258 WIOA ADULT PROGRAM $243,252 Yes 0
17.259 WIOA YOUTH ACTIVITIES $183,613 Yes 0
17.278 WIOA DISLOCATED WORKER FORMULA GRANTS $168,065 Yes 0
94.006 AMERICORPS STATE AND NATIONAL 94.006 $164,406 Yes 0
21.009 VOLUNTEER INCOME TAX ASSISTANCE (VITA) MATCHING GRANT PROGRAM $51,501 Yes 0
17.207 EMPLOYMENT SERVICE/WAGNER-PEYSER FUNDED ACTIVITIES $37,695 Yes 0
11.417 SEA GRANT SUPPORT $8,926 Yes 0

Contacts

Name Title Type
V9MLQ6JQGBG5 Linda Qian Auditee
6179185406 Andrew Bacigalupo Auditor
No contacts on file

Notes to SEFA

Economic Development and Industrial Corporation (EDIC), a quasi-public corporation, is a component unit of the City of Boston and an instrumentality of the Commonwealth of Massachusetts. EDIC’s Office of Workforce Development is a multi-service agency that receives federal, state and city funds to run a comprehensive system of education, job training, job placement, counseling, human resources and other support services for Boston residents. On October 20, 2016, the board approved the renaming of EDIC d/b/a the Boston Planning & Development Agency. For all legal documents and as a legal entity EDIC shall remain the same.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of EDIC’s Office of Workforce Development under programs of the Federal government for the year ended June 30, 2025. The information in this 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Because the Schedule presents only a selected portion of the operations of EDIC, it is not intended to and does not present the financial position, changes in net position or cash flows of EDIC.

Finding Details

Finding 2025-001
2025-001 Reporting Federal Agency: U.S. Department of Labor Federal Program: 17.289, Community Project Funding/ Congressionally Directed Spending Condition: During our testing of Economic Development and Industrial Corporation of Boston’s (EDIC) compliance with the Federal Funding Accountability and Transparency Act (FFATA), EDIC did not report subaward information within the required timeframe. Criteria: FFATA requires that non-Federal entities report information on subawards in the FFATA system no later than the end of the month following the month in which the subaward or modification was made. In addition, 2 CFR 200.303 indicates that non-Federal entities receiving Federal awards must establish and maintain effective internal control over the Federal award that provides reasonable assurance that the non-Federal entity is managing the Federal award in compliance with Federal statutes, regulations and the terms and conditions of the Federal award. Cause: EDIC’s internal controls were not adequately designed in order for EDIC to submit the subaward information into the SAM system in a timely manner. Specifically, there is no formalized monitoring or review process to verify that subaward data is submitted within the required deadlines. Effect: Noncompliance with compliance requirements. Context: A sample of three subawards, totaling $374,125, out of twenty subawards were reviewed. Two of the three subawards totaling $60,000 were not timely. Our sample was not a statistically valid sample. This was not a repeat finding from a prior period. Questioned Costs: None Recommendations: Management should implement and document internal controls to ensure compliance with FFATA reporting requirements, which may include establishing formal procedures for identifying reportable subawards, implementing a tracking mechanism for required reporting and performing a periodic supervisory review to ensure compliance with reporting deadlines. Management Response: Management indicated that the untimely FFATA reporting was due to staffing changes, specifically the onboarding of newly hired personnel who were not yet fully familiar with FFATA reporting requirements. Management stated that additional training and oversight will be implemented to ensure timely reporting going forward.