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Accept the Solano County Single Audit Report for the fiscal year ended June 30, 2023
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The Auditor-Controller's Office (ACO) recommends that the Board of Supervisors accept the Solano County Single Audit Report for the fiscal year ended June 30, 2023 (FY2022/23).
SUMMARY:
In accordance with the Office of Management and Budget (OMB) Uniform Guidance, the County is required to have a Single Audit of the County's compliance with Federal grant agreements. The Auditor-Controller's Office presents to the Board of Supervisors Solano County's Single Audit Report for FY2022/23.
Eide Bailly, L.L.P., CPA, conducted the Single Audit for the FY2022/23 pursuant to the contract terms approved by the Board of Supervisors on April 28, 2020.
FINANCIAL IMPACT:
None.
DISCUSSION:
Single Audit Report
The County incurred total expenditures of Federal Awards of $154,472,189 (which includes $24,309,059 to subrecipients). As a result, Solano County is required to have a Single Audit to determine Solano County's compliance with Federal grant agreements.
Solano County contracts with Eide Bailly, LLP, CPA, to perform the Single Audit. As a result of the Single Audit, Eide Bailly issued the Single Audit Report which is comprised of two reports:
1) Independent Auditors' Report on Internal Control over Financial Reporting and on Compliance and Other Matters based on an Audit of Financial Statements performed in accordance with Government Auditing Standards. The County received an unmodified opinion (clean opinion) on its financial statements previously presented to the Board of Supervisors on March 12, 2024. However, the auditors identified a material weakness in internal control over financial reporting due to audit adjustments for the correction of revenues and expenditures.
Additionally, the auditor's report on compliance disclosed no ...
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