REPORT TO COUNCIL
SUBJECT
Title
Action on the City of Santa Clara Federally Funded Grants' Single Audit Report for Fiscal Year 2022-23
Report
COUNCIL PILLAR
Enhance Community Engagement and Transparency
BACKGROUND
The City's annual financial statement audit includes a federally mandated "Single Audit", which is designed to meet the special reporting requirements of federal granting agencies. These include those requirements set forth in 2CFR Part 200 which establishes uniform administrative requirements, cost principles, and audit requirements for Federal awards to non-Federal entities. The Single Audit rules require that an independent audit on the fair presentation of the financial statements and internal controls for compliance with the administrative requirements of federal awards for agencies with more than $750,000 of federal grant expenditures in a fiscal year. Since the City met this $750,000 threshold, the City hired Maze & Associates to conduct the audit. The Single Audit report is attached.
On February 28, 2024, City staff and Maze & Associates met with the City Council Audit Committee (Committee), which included. Committee members Watanabe, Jain, and Park. During the Committee meeting, Maze & Associates gave a presentation about the audit process, scope of work, and their auditor's opinion. City staff and Maze & Associates answered questions from Committee members.
The Committee unanimously accepted the Single Audit Report presented at the Committee meeting and recommended that the City Council note and file the report at the March 19, 2024 Council meeting. After the Council meeting, the Single Audit Report will be published on the City's website.
DISCUSSION
Based on their audit, Maze & Associates issued an unmodified opinion with regard to the fair presentation of the financial statements and the City's compliance with internal control requirements. For Fiscal Year 2022-23, Maze & Associates identified the Community Development Block Gra...
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