A Performance Audit
An Audit Report on the Horse Industry Escrow Account at the Texas Racing Commission
July 2024
Overview
The Texas Racing Commission (Commission) had processes and related controls in place to allocate funds from the Horse Industry Escrow Account (Escrow Account) in accordance with applicable requirements. However, the Commission did not have a process in place to ensure that the funds were used as required to supplement horse race purses. In addition, it did not review required reports to ensure that funds allocated for horse industry events were expended appropriately.