COMMITTEE AGENDA MEMORANDUM
Board Audit Committee
Government Code § 84308 Applies: Yes ☐ No ☒
(If “YES” Complete Attachment A - Gov. Code § 84308)
SUBJECT: title
Receive and Discuss the Single Audit Report for Fiscal Year (FY) Ending June 30, 2025.
End
RECOMMENDATION: Recommendation
Receive and discuss the Single Audit Report for FY ending June 30, 2025.
Body
SUMMARY:
The Single Audit is a rigorous, organization-wide audit of an entity that expends $750,000 or more of federal assistance received for its operations. Usually performed annually, the Single Audit’s objective is to provide assurance to the US federal Government as to the management and use of such funds by recipients. The audit is performed by an independent certified public accountant and encompasses both financial and compliance components. Once completed, the Single Audit must be submitted to the Federal Clearinghouse.
Attached is the final report for the Single Audit for the year ended June 30, 2025, prepared by Vasquez and Company.
Staff is pleased to report that there were no notable findings in the Single Audit Report for FY ending June 30, 2025. The report indicates that in the auditor’s opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the financial statements as a whole.
ENVIRONMENTAL JUSTICE IMPACT:
There are no environmental justice impacts associated with this item.
ATTACHMENTS:
Attachment 1: Single Audit Report
UNCLASSIFIED MANAGER:
Manager
Darin Taylor, 408-630-3068