Texas · Nonprofit · under $2M in federal spending
Central Texas Electric Cooperative, Inc.
Fredericksburg, TX
The FY2024 single audit reports 2 findings: 2 significant deficiencies, 2 with questioned costs.
Score: 14 of 100 (FY2024 audit)
The sum of eight parts, each read from the audit. How the score works.
| Part | Rule | Points | Max |
|---|
| Material weaknesses | 8 points each | 0 | 24 |
| Significant deficiencies | 3 points each | 6 | 9 |
| Repeat findings | 5 points each | 0 | 15 |
| Longest repeat chain | 2 years 3, 3 years 6, 4 years 9, 5+ years 12 | 0 | 12 |
| Modified major-program opinions | qualified 8 each; any adverse or disclaimer 15 | 0 | 15 |
| Questioned costs | known amount of $25,000 or more, by share and dollars | 3 | 15 |
| Going concern | auditor included a going-concern paragraph | 0 | 5 |
| Prior-year lateness | prior-year audit late or not filed, scored only with a finding | 5 | 5 |
| Score | | 14 | 100 |
Federal funding, FY2024
$849,359 in federal awards spent, across 1 program. Largest funding agencies:
| Agency | Spent |
|---|
| Department of Homeland Security | $849,359 |
FY2024 audit
- FAC record
- 2024-12-GSAFAC-0000383317
- Fiscal year end
- December 31, 2024
- Accepted by FAC
- December 30, 2025; submitted 91 days after its due date (September 30, 2025)
- Federal spending
- $849,359 · 1 program
- Major programs
- 1
- Score
- 14 of 100
Finding 2024-001
significant deficiencyquestioned costs
- Program
- DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) (97.036)
- Compliance requirement
- Activities allowed or unallowed; Allowable costs/cost principles
- Questioned costs
- no amount stated
- FAC record
- FY2024 audit on fac.gov
Finding text from the filing
Incorrect equipment hours used on the project worksheet submission Compliance Requirement: Allowable Costs/Cost Principles Condition/Criteria: The recipient and subrecipient must: Establish, document, and maintain effective internal control over the Federal award that provides reasonable assurance that the recipient or subrecipient is managing the Federal award in compliance with Federal statutes, regulations, and the terms and conditions of the Federal award. (2 CFR section 200.303(a)). Cause: The Cooperative personnel did not match the labor hours from employee timesheets to the project worksheet. Effect: Incorrect hours were recorded on the project worksheet. The errors noted did not result in material known or likely questioned costs required to be reported. Recommendation: Review timesheets to ensure they agree to the hours reported on the project worksheet. Implement a second level of review by another employee so the individual tasked with preparing the project worksheet is not performing the review.
Finding 2024-002
significant deficiencyquestioned costs
- Program
- DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) (97.036)
- Compliance requirement
- Activities allowed or unallowed; Allowable costs/cost principles
- Questioned costs
- no amount stated
- FAC record
- FY2024 audit on fac.gov
Finding text from the filing
Material overhead allocations were included in the project worksheet submission Compliance Requirement: Allowable Costs/Cost Principles Condition/Criteria: Costs that otherwise would be treated as indirect costs may also be considered direct costs if they are directly related to a specific award (2 CFR Section 200.413(b). Cause: Material overhead allocations were included in the project worksheet. Effect: Indirect overheads are included in the material costs although they are not directly related to the federal award. Recommendation: Communicate with FEMA regarding supporting documentation that is required to substantiate material overhead costs as being directly related to the federal award.