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Clean audit for Texoma Council of Governments, where housing vouchers and utility aid drove $21.9 million in spending

Auditors found no weaknesses or questioned costs at the Sherman-based regional agency for the year ended April 30. Section 8 vouchers and help with energy bills made up most of what it spent.

Vance Kowalski· AI-assisted, edited by Jake Team

October 18, 20262 min read

government transparency - illustration, Jake Team LLC

The Texoma Council of Governments, the Sherman-based agency that runs housing, energy assistance, senior services and 911 programs for Grayson, Fannin and Cooke counties, came through its latest annual audit without a single finding.

The council posted its financial report for the fiscal year that ended April 30, 2026, on its website this week. The outside auditor, Whitley Penn, issued an unmodified opinion, the cleanest grade an audit can carry, and reported no material weaknesses, no significant deficiencies and no questioned costs in either the financial statements or the federal and state grant programs it tested.

The firm also classified the council as a low-risk auditee.

Where the money went

The agency spent $21.9 million during the year, down about 3% from $22.6 million the year before, while revenue slipped to $22.4 million from $22.8 million. Nearly all of it arrives as grants and contracts from federal and state agencies.

By far the largest share, almost $17 million, went to housing and client services. That category includes:

  • Section 8 Housing Choice Vouchers, which accounted for about $10.7 million in federal spending across two grant years.
  • Utility bill help, with about $5.5 million spent through the Comprehensive Energy Assistance Program and related low-income energy grants. Auditors tested this program in detail as one of the agency's major federal programs.
  • Home weatherization, with about $638,000 in U.S. Department of Energy money.

Aging and disability services, run through the Area Agency on Aging of Texoma, cost $3.2 million, down from $3.5 million. Community and economic development work fell to $1.45 million from $1.86 million. The Emergency 911 program, funded by the state's emergency communications commission, was the major state program auditors reviewed.

Financial position

The council ended the year with a net position of about $4.77 million, up $527,074, and $805,746 of that was unrestricted, compared with $535,790 a year earlier. Its office building on Gallagher Drive in Sherman makes up much of its capital assets, which were valued at about $2.95 million after depreciation.

The report also says overhead, or indirect cost, equaled 4.72% of total spending, well under the 15% cap in state law for councils of governments.

Executive Director Eric Bridges and the finance director wrote in the report's cover letter that the audit is submitted to the governing board for review and acceptance. The council's next governing board meeting on its calendar is Nov. 19.

Sources

tcog.com

tcog.com

tcog.com

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Vance Kowalski· AI-assisted, edited by Jake Team

Vance Kowalski covers Sherman city government and Grayson County politics.

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