City of Sacramento header
File #: 2019-00571    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 4/8/2019 In control: City Council - 5PM
On agenda: 5/14/2019 Final action:
Title: Fiscal Year 2017/18 Single Audit Report
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title:
Title
Fiscal Year 2017/18 Single Audit Report
End

FileID
File ID: 2019-00571

Location
Location: Citywide

Recommendation:
Recommendation
Adopt a Resolution accepting the Fiscal Year (FY) 2017/18 Single Audit Report.

Contact: Osvaldo Lopez, Accounting Manager, (916) 808-4740; Dawn Holm, Director, (916) 808-5574, Department of Finance

Body
Presenter: None

Attachments:
1-Description/Analysis
2-Resolution
3-Exhibit A - Single Audit Report
4-Exhibit B - Corrective Action Plan



Description/Analysis

Issue Detail: The FY2017/18 Single Audit Report has been prepared to present the City's Schedule of Expenditures of Federal Awards (SEFA) for the FY that ended June 30, 2018. The SEFA reports $21 million in federal expenditures during the fiscal year. An independent public accounting firm has audited the SEFA, as required by federal law.

The single audit report (Exhibit A) identified four findings related to written procedures and policies. The City departments responsible for addressing these findings have provided responses in the attached corrective action plan (Exhibit B).

Policy Considerations: This report is required by federal and state law.

Economic Impacts: None.

Environmental Considerations:

California Environmental Quality Act (CEQA): This action is not a "project" subject to CEQA because it involves only organizational or administrative activities that will not result in direct or indirect physical changes in the environment. (CEQA Guidelines ?15378(b)(5).)

Sustainability: Not applicable.

Commission/Committee Action: The Fiscal Year 2017/18 Single Audit Report was presented to the Budget and Audit Committee on April 2, 2019. The committee passed a motion to forward the report to the City Council.

Rationale for Recommendation: It is in the best interest of the City to accept the FY2017/18 Single Audit Report and the Management Letter for the following reasons:

* The FY2017/18 Single Audit Report is required by federal and...

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