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MEDC audit: Crowe issues clean opinion as assets and sales tax receipts rise
Summary
Auditor Crowe presented an unmodified opinion on the MEDC financial statements for the year ending Sept. 30, 2024, reporting total assets increased from about $6.1 million to about $7.9 million and noting strong sales-tax growth; the board voted 5–0 to accept the audit.
The Manvel Economic Development Corporation accepted its fiscal-year audit for the year ended Sept. 30, 2024, after an auditor from Crowe summarized results and answered board members’ questions.
Ben Cohen, who led the audit engagement for Crowe, told the board the economic development corporation’s financial statements received an unmodified (clean) opinion. Cohen said the audit…
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