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Approve by unanimous vote a biennial (two-year) audit cycle for Reclamation District No. 2127
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
Approve by a unanimous vote a biennial (two-year) audit cycle for Reclamation District No. 2127 ("District"), commencing FY2010/11.
SUMMARY/DISCUSSION:
Under Government Code, ยง 26909 (b) (1), a special district may, by unanimous request of its governing board, and with the unanimous approval of the board of supervisors, replace the annual audit with a biennial audit covering a two-year period.
Currently, the Solano County Auditor-Controller annually audits the District. The audits have revealed no reportable problems or conditions.
A biennial audit would be more cost effective for the District and reduce the workload for both the District and the Auditor-Controller's Office.
In March 2012, the Board of Trustees of the District voted unanimously to request the Board's unanimous approval to conduct biennial audits.
FINANCIAL IMPACT:
The Auditor-Controller currently charges the District for the annual audit and a change to the two-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 the biennial audit.
CAO RECOMMENDATION:
APPROVE DEPARTMENTAL RECOMMENDATION