Results of Limited Scope Review at Tri-Town Economic Opportunity Committee
Based on our assessment, Tri-Town Opportunity Committee (Tri-Town) is currently financially viable. We found that Tri-Town�s financial management system was able to adequately manage and account for Federal funds except that Tri-Town did not always (1) ensure that inventory records were reconciled and accurate and (2) obtain competitive bids before awarding contracts. During Federal fiscal year 2009, Tri-Town received three grants under the American Recovery and Reinvestment Act of 2009 totaling approximately $1.7 million.