Texas · Nonprofit · under $2M in federal spending

Floresville Housing Authority

Floresville, TX

The FY2024 single audit reports 1 finding: 1 significant deficiency.

Score: 3 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	3	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	0	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	0	5
Score		3	100

Federal funding, FY2024

$804,342 in federal awards spent, across 3 programs. Largest funding agencies:

Agency	Spent
Department of Housing and Urban Development	$804,342

FY2024 audit

FAC record: 2024-12-GSAFAC-0000387266
Fiscal year end: December 31, 2024
Accepted by FAC: November 12, 2025
Federal spending: $804,342 · 3 programs
Major programs: 1
Score: 3 of 100

Finding 2024-003

significant deficiency

Program: HOUSING VOUCHER CLUSTER (14.871)
Compliance requirement: Special tests and provisions
FAC record: FY2024 audit on fac.gov

Finding text from the filing

24 CFR Section 982.156(a) states that "Unless otherwise required or permitted by HUD, all program recepients must be promptly deposited with a financial institution selected as depositary by the PHA in accordance with HUD requirements. "The PHA must enter into an agreement with the depositary in the form required by HUD" 24 CFR Section 982.156(c). Depository agreements serve as safeguards for federal funds and provide third party rights to HUD. During our audit, we noted that the Authority did not have executed depository agreements in place with the financial institutions holding federal grant funds, as required by the applicable Compliance Supplement and the terms of the Housing Voucher Cluster grant.