Title
Sacramento Housing and Redevelopment Agency Update Regarding 2024 Audit Findings and Corrective Action Progress
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FileID
File ID: 2026-01374
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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
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Description/Analysis
IssueDetail
Issue Detail: On December 3, 2025, the Sacramento Housing and Redevelopment Agency submitted financial reports related to the 2024 Single Audit and audited financial statements for the Housing Authority. On February 10, 2026, Principal Auditor Mandy Merchant of CliftonLarsonAllen LLP, formally presented the audited financial statements, Single Audit results, and related audit findings.
The audit firm of CliftonLarsonAllen LLP audited the basic financial statements of the Sacramento Housing and Redevelopment Agency for the year ended December 31, 2024, and issued an unmodified, or clean, opinion that the financial statements are fairly presented in accordance with Generally Accepted Accounting Principles in the United States of America. The 2024 Single Audit also reported an unmodified opinion on the Agency's financial statements, while identifying one financial-statement finding and five federal-award findings requiring corrective action.
THE 2024 SINGLE AUDIT IDENTIFIES THE FOLLOWING FINDINGS:
2024-001 Financial Close Process
Issue: Material weakness in internal control over financial reporting and correction of error.
Progress: Finance continues to work with industry experts to receive targeted training and perform key reconciliations to support timely close processes.
Update: Additionally, we are in the midst of our 2025 au...
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