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Approve by unanimous vote an audit cycle covering a five-year period for Reclamation District No. 2139
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
Approve by a unanimous vote an audit cycle covering a five-year period for Reclamation District No. 2139 ("District"), commencing with calendar year 2009.
SUMMARY:
Under Government Code, ยง 26909 (b) (2), a special district with an annual budget that does not exceed an amount specified by the board of supervisors may, by unanimous request of its governing board, and with the unanimous approval of the board of supervisors, replace the annual audit with an audit covering a five-year period.
This Board established an annual budget limit of $60,000 for special districts. Reclamation District No. 2139's annual budget is substantially less than $60,000 as set forth in Attachment A.
Currently, the Solano County Auditor-Controller annually audits the District. The audits have revealed no reportable problems or conditions.
In March 2012, the Board of Trustees of the District voted unanimously to request the Board's unanimous approval to establish a five-year audit cycle, commencing with calendar year 2009.
FINANCING:
The Auditor-Controller currently charges the District for the annual audit and a change to a five-year cycle will nominally impact the County General Fund. The District will realize significant savings.
ALTERNATIVES:
The Board could choose not to approve this request.
OTHER AGENCY INVOLVEMENT:
The Auditor-Controller's Office supports the District's request for an audit covering a five-year period, commencing with calendar year 2009.
CAO RECOMMENDATION:
APPROVE DEPARTMENTAL RECOMMENDATION