Title
Sacramento Housing and Redevelopment Agency Annual Comprehensive Financial Report for the Year Ended December 31, 2024, and Single Audit
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FileID
File ID: 2026-00569
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Location
Location: Citywide
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Recommendation
Recommendation: Receive and file.
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Contact
Contact: Kay Giunta, Assistant Director of Finance, (916) 449-6325, kgiunta@shra.org, Sacramento Housing and Redevelopment Agency
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Presenter
Presenter: Kay Giunta, Assistant Director of Finance, (916) 449-6325, kgiunta@shra.org, Sacramento Housing and Redevelopment Agency
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Attachments
Attachments:
1-Description/Analysis
2-ACFR-SHRA
3-SHARP AFS
4-Norwood AFS
5-Presentation
6-SHRA Federal Single Audit Report
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Description/Analysis
IssueDetail
Issue Detail: The audit firm of CliftonLarsonAllen has audited the basic financial statements of the Sacramento Housing and Redevelopment Agency (SHRA) and issued its unmodified (clean) opinion that these documents for the year ending December 31, 2024, are fairly presented in accordance with Generally Accepted Accounting Principles (GAAP) in the United States of America.
The Annual Comprehensive Audit Report (ACFR) is organized into four major sections. First is the Introductory Section, which includes a transmittal letter summarizing economic conditions, budget initiatives, and other related documents. Next is the Financial Section, which is comprised of the independent auditor's report and the Management Discussion and Analysis (MD&A), which provides a narrative overview of the financial statements and compares changes from year to year. The basic financial statements follow the MD&A and report on the financial position and results of operations of SHRA as a whole and the financial performance of SHRA's governmental funds, proprietary funds, and component units. Footnotes to the financial statements are included to provide additional information. The Required Supplementary Information is unaudited and includes dat...
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