Texas · Nonprofit · under $2M in federal spending
Moore County Development, Inc.
dumas, TX
The FY2025 single audit reports 3 findings: 2 significant deficiencies.
Score: 14 of 100 (FY2025 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 | 8 | 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 | | 14 | 100 |
Federal funding, FY2025
$1,902,318 in federal awards spent, across 1 program. Largest funding agencies:
| Agency | Spent |
|---|
| Department of Commerce | $1,902,318 |
FY2025 audit
- FAC record
- 2025-07-GSAFAC-0000416461
- Fiscal year end
- July 31, 2025
- Accepted by FAC
- May 6, 2026
- Federal spending
- $1,902,318 · 1 program
- Major programs
- 1; qualified opinion on 1
- Score
- 14 of 100
Finding 2025-001
significant deficiency
- Program
- ECONOMIC ADJUSTMENT ASSISTANCE (11.307)
- Compliance requirement
- Special tests and provisions
- FAC record
- FY2025 audit on fac.gov
Finding text from the filing
2025-001 - Internal Controls surrounding Reporting compliance requirement Criteria: The Uniform Guidance requires that management of Moore County Development, Inc. (the Organization) implement a system of internal controls over compliance for the direct and material program compliance requirements. Condition and Context: During our audit, we noted that management of the Organization had not implemented a system of internal controls applicable to the Organization’s compliance with the Reporting requirement. Cause: Management of the Organization has not implemented internal controls surrounding the Organization’s compliance with reporting requirements. Effect of Potential Effect: Without implementation of a properly operating system of internal controls over compliance, the Organization could become noncompliant with grant requirements. Recommendation: We recommend management of the Organization implement a system of internal controls over compliance, to specifically include the Board of Director’s review and documentation of review of compliance reports submitted by management. Responsible Official’s Response: In progress. Management of the Organization will present compliance reports to the Board of Directors for review and approval prior to submission.
Finding 2025-002
significant deficiency
- Program
- ECONOMIC ADJUSTMENT ASSISTANCE (11.307)
- Compliance requirement
- Special tests and provisions
- FAC record
- FY2025 audit on fac.gov
Finding text from the filing
2025-002 - Internal Controls surrounding Special Tests and Provisions compliance requirement Criteria: The Uniform Guidance requires that management of Moore County Development, Inc. (the Organization) implement a system of internal controls over compliance for the direct and material program compliance requirements. Condition and Context: During our audit, we noted that management of the Organization had not implemented a system of internal controls applicable to the Organization’s compliance with the Special Tests and Provisions requirement. Cause: Management of the Organization has not implemented internal controls surrounding the Organization’s compliance with special tests and provisions requirements. Effect of Potential Effect: Without implementation of a properly operating system of internal controls over compliance, the Organization could become noncompliant with grant requirements. Recommendation: We recommend management of the Organization implement a system of internal controls over compliance, to specifically include the Board of Director’s review and documentation of review of GAAP accounting requirements for allowance for expected credit loss provisions. Responsible Official’s Response: Management of the Organization has elected not to adopt GAAP accounting requirements for allowance for expected credit loss provisions.
Finding 2025-003
modified opinion
- Program
- ECONOMIC ADJUSTMENT ASSISTANCE (11.307)
- Compliance requirement
- Special tests and provisions
- FAC record
- FY2025 audit on fac.gov
Finding text from the filing
2025-003 - Noncompliance with Special Tests and Provisions compliance requirement Criteria: The Uniform Guidance requires that management of Moore County Development, Inc. (the Organization) to follow compliance requirements for GAAP accounting, including specific requirements for accounting for credit loss provisions. Condition and Context: During our audit, we noted that management of the Organization had not adopted GAAP accounting requirements for credit loss provisions. Cause: Management of the Organization has not adopted GAAP accounting requirements for credit loss provisions. Effect of Potential Effect: The Organization is not following GAAP accounting requirements for credit loss provisions. Recommendation: We recommend management of the Organization evaluate the GAAP requirements for accounting for credit loss provisions. Responsible Official’s Response: Management of the Organization has elected not to adopt GAAP accounting requirements for allowance for credit loss provisions.