EIN: 561438854
UEI: EQT8A46JAKH6
Audited by: Thompson, Price, Scott, Adams & Co., P.A.
Oversight agency: 11 [Department of Commerce]
View federal awards & risk assessment →
Data as of September 7, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 21, 2026. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by October 21, 2026 (43 days from today).
What is a management decision? →FAC accepted this audit on February 24, 2025 — management decision was due August 24, 2025.
FAC accepted this audit on April 1, 2024 — management decision was due October 1, 2024.
FAC accepted this audit on December 18, 2022 — management decision was due June 18, 2023.
FAC accepted this audit on November 30, 2021 — management decision was due May 30, 2022.
While the Corporation filed their reports timely, certain information reported on the SF-425 and ED-209 did not reconcile to the underlying accounting system within a non-material difference. Effect: Without a clear reconciliation showing how the amounts on the reports reconcile to the underlying accounting records, errors in the amounts reported may exist. Cause: The Corporation does not have a reconciliation process for amounts reported in their underlying accounting records to the reports submitted. Recommendation: We recommend the Corporation develop a reconciliation to be performed before each report is filed and retain on file as support. Views of responsible officials: See Corrective Action Plan.
Show full finding ▾Hide full finding ▴U.S. Department of Commerce Program Name: Economic Development Cluster Federal Assistance Listing #11.307 Non-Material Non-Compliance ? Reporting Finding 2021-001 Criteria: The Corporation is responsible for accurate, correctly developed and timely submittal and reliability of subject reports required by the award?s terms and conditions and 2 CFR Sections 200.328 and 200.329. Condition: While the Corporation filed their reports timely, certain information reported on the SF-425 and ED-209 did not reconcile to the underlying accounting system within a non-material difference. Effect: Without a clear reconciliation showing how the amounts on the reports reconcile to the underlying accounting records, errors in the amounts reported may exist. Cause: The Corporation does not have a reconciliation process for amounts reported in their underlying accounting records to the reports submitted. Recommendation: We recommend the Corporation develop a reconciliation to be performed before each report is filed and retain on file as support. Views of responsible officials: See Corrective Action Plan.
U.S. Department of Commerce Program: Economic Development Cluster CFDA #11.307 Finding 2021-001 Corrective Action Plan: The Corporation will maintain copies of all supporting documentation used for SF-425 and ED-209 reports. In addition, the Corporation will reconcile the SF-425 and ED-209 reports to cash balance on the general ledger at time of reporting. This will prevent any variances caused by timing of journal entries posted after the reporting due dates. The corrective action plan will be implemented with the next reports due. Jarrod R. Hand, CPA Finance Director
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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