Finding 2025-001 Finding type: Significant deficiency. Federal award: 21.027 Coronavirus State and Local Fiscal Recovery Funds Passthrough organizations: 21.027 (Agency of Commerce and Community Development, Town of Waterbury, City of Barre, Vermont Department of Environmental Conservation) Condition: Organization’s draft Schedule of Expenditures of Federal Awards was missing certain awards. Management concurrence: Management concurs with this finding. Corrective action plan: Downstreet Housing & Community Development will strengthen its procedures for preparing and reviewing the Schedule of Expenditures of Federal Awards. Management will maintain a centralized listing of federal awards, including awards received directly and through pass-through entities, and will identify awards for which Downstreet provides funding to other organizations. At least annually, and as part of the year-end closing process, the listing will be reconciled to the general ledger, grant records, executed agreements, reimbursement activity, and amounts passed through to other entities. The completed SEFA and supporting reconciliation will be reviewed by a supervisory finance official before being provided to the auditors. The review will include verification of assistance listing numbers, pass-through entities, expenditures, and subrecipient or pass-through activity, as applicable. Projected completion date: December 31, 2026 Responsible official: Schuyler Anderson, CFO/COO