Title
Sacramento Housing and Redevelopment Agency Draft Annual Comprehensive Financial Report for the Year Ended December 31, 2025
End
FileID
File ID: 2026-01586
End
Location
Location: Citywide
End
Recommendation
Recommendation: Receive and file.
End
Contact
Contact: Kay Giunta, Assistant Director of Finance, (916) 449-6325, kgiunta@shra.org, Sacramento Housing and Redevelopment Agency
End
Presenter
Presenter: Kay Giunta, Assistant Director of Finance, (916) 449-6325, kgiunta@shra.org, Sacramento Housing and Redevelopment Agency
End
Attachments
Attachments:
1-Description/Analysis
2-Presentation [UPDATED 091526 @10AM]
End
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 will be issuing its unmodified (clean) opinion that these documents for the year ending December 31, 2025, 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 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 data on the Agency’s changes in Other Post-Employment Benefits (OPEB) and pension obligations. Finally, the Supplementary Information Section provides detailed supporting data that goes beyond the basic financial statements and required supplementary information (RSI), which includes financial schedules required by the U.S. Department of Housing and Urban Development, and statistical data summarizing selected financial, demographic, and operational trends.
The audit includes the following entities:
• Sacramento Housing and Redevelopment Agency
• Housing Authority of the City of Sacramento
• Housing Authority of the County of Sacramento
• Norwood Avenue Housing Corporation (NAHC)
• Sacramento Housing Authority Asset Repositioning Program, Inc. (SHARP)
• Sacramento Housing Development Corporation
• Shasta Hotel Corporation
End
PolicyConsiderations
Policy Considerations: There are no policy implications as a result of this informational report.
End
EconomicImpacts
Economic Impacts: None.
End
EnvironmentalConsiderations
Environmental Considerations:
California Environmental Quality Act (CEQA): Pursuant to Cal. Code Regs., tit. 14., section 15378 subds. (b)(2) and (5), the recommended action is not considered a “project,” as it constitutes an administrative activity that will not result in direct or indirect physical changes to the environment. Alternatively, if a determination is made that the action does constitute a project subject to CEQA, the recommended action is exempt pursuant to Cal. Code Regs., tit. 14, section 15061(b)(3), as it does not have the potential to have a significant effect on the environment.
National Environmental Policy Act (NEPA): Pursuant to 24 C.F.R. section 58.34(a)(1) and (3)(2025), the recommended action is considered an administrative and management activity exempt from NEPA review. With respect to the laws and authorities specified in section 58.6, the recommended action does not involve activity that would require compliance with:
• 24 C.F.R. section 51.300-305;
• 16 U.S.C. section 3501 (Coastal Barrier Resources Act); or
• 42 U.S.C. sections 4001-4128, 5154(a) (Flood Disaster Protection Act and National Flood Insurance Reform Act).
End
Sustainability
Sustainability: Not applicable.
End
Commission/Committee Action
Commission/Committee Action: The Sacramento Housing and Redevelopment Commission received this report at its meeting on September 2, 2026.
End
RationaleforRecommendation
Rationale for Recommendation: Receive and file only as an informational report.
End
FinancialConsiderations
Financial Considerations: Not applicable.
End
LocalBusinessEnterprise
Local Business Enterprise (LBE):
M/WBE & Section 3 Considerations:
The items discussed in this report have no M/WBE or Section 3 impact; therefore, M/WBE and Section 3 considerations do not apply.
End