An internal audit discovered that San Antonio's Economic Development Department failed to properly oversee its funding agreement with a nonprofit organization. The audit revealed various issues, including incorrect reports, grant misallocation, and failure to meet fund requirements.
An internal audit found that San Antonio ’s Economic Development Department did not adequately monitor its funding agreement with a nonprofit business development organization with close ties to the city.
Prosper West, formerly the Westside Development Corporation, submitted incorrect quarterly reports, awarded a grant to an ineligible business, did not meet its matching fund requirements and did not return $53,500 in unspent funds to the city, according to the audit, conducted from April to August
Audit San Antonio Economic Development Department Nonprofit Organization Funding Agreement Mismanagement Incorrect Reports Grant Misallocation Fund Requirements
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