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Receive the audit report of the First 5 Solano Children and Families Commission for the fiscal year ended June 30, 2024
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Published Notice Required? Yes ___ No _X _
Public Hearing Required? Yes ___ No _ X_
DEPARTMENTAL RECOMMENDATION:
First 5 Solano recommends the Board of Supervisors receive the audit report of the First 5 Solano Children and Families Commission for the fiscal year ended June 30, 2024.
SUMMARY/DISCUSSION:
In accordance with Health & Safety Code Section 130150, First 5 Solano is required to conduct an annual audit of its functions and receive its audit report for the preceding fiscal year. The report must be filed with both the State Controller’s Office and First 5 California for inclusion in the State Commission’s consolidated report by November 1, 2024. The report has been filed in accordance.
First 5 Solano contracted with Eide Bailey to conduct the Commission’s audit. The fiscal year 2023/24 Financial and Compliance Audit was conducted in accordance with auditing standards generally accepted in the United States of America, the standards applicable to financial audits contained in the Government Auditing Standards, issued by the Comptroller General of the United States, and state requirements contained in the Standards and Procedures for Audits of Local Entities Administering the California Children and Families Act.
As a result of the audit, three required reports were issued:
• The Independent Auditor’s Report contains an unmodified opinion (a “clean” opinion). An unmodified opinion indicates the financial statements are presented fairly in accordance with accounting principles generally accepted in the United States of America.
• The Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters did disclose one finding of noncompliance 2024-001.
• The Independent Auditor’s Report on State Compliance did not disclose any instances of noncompliance.
As a result of the audit, the auditors identified one finding.
1. 2024-001 Procurement (Material Weakness) - The audit identified a Solano County procurement policy related to maintaining documentation related to sole source justifications. The audit noted that (4) out of 4 contracts tested during the year, there was no sole source justification form included within the file. Management will strengthen its understanding of procurement and review policies and procedures to ensure that documentation and steps are followed through each contract.
The full audit report can be found in attachment A.
FINANCIAL IMPACT:
The acceptance of the audit report has no financial impact.
ALTERNATIVES:
The Board of Supervisors could elect not to receive the report as presented. This is not recommended, as it is legislatively required for the Board to receive the audit within two months of receipt of the audit.
OTHER AGENCY INVOLVEMENT:
The First 5 Solano Children and Families Commission received the audit on October 30, 2024.
CAO RECOMMENDATION:
APPROVE DEPARTMENTAL RECOMMENDATION