To: Board of Supervisors
From: Auditor-Controller
Meeting Date: June 19, 2018
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Department Contact: |
Lloyd Weer |
Phone: |
234-6860 |
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Department Contact: |
Chamise Cubbison |
Phone: |
234-6871 |
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Item Type: Consent Agenda |
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Time Allocated for Item: N/A |
Agenda Title:
title
Adoption of Resolution Exempting the Round Valley County Water District from the Annual Audit Requirement and Establishing an Annual Financial Review Pursuant to Government Code Section 26909(c)(1)
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Recommended Action/Motion:
recommendation
Adopt Resolution exempting the Round Valley County Water District from the annual audit and instead establishing an annual financial review pursuant to Government Code section 26909(c)(1); and authorize Chair to sign same.
End
Previous Board/Board Committee Actions:
None
Summary of Request:
Government Code section 26909(c)(1) allows a special district to have an annual review performed, rather than a yearly audit, providing the district’s annual revenues do not exceed one hundred fifty thousand dollars ($150,000) and the district’s board unanimously requests the annual review. The Auditor-Controller confirms that the district’s revenues are less than one hundred fifty thousand dollars ($150,000).
Alternative Action/Motion:
Do not approve resolution, thereby leaving the annual audit requirement in place.
Supplemental Information Available Online at: N/A
Fiscal Impact:
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Source of Funding: District Funds |
Budgeted in Current F/Y: Yes |
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Current F/Y Cost: N/A |
Annual Recurring Cost: N/A |
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Supervisorial District: District 3 |
Vote Requirement: Unanimous |
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Agreement/Resolution/Ordinance Approved by County Counsel: Yes
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CEO Liaison: Janelle Rau, Deputy CEO |
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CEO Review: Yes |
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CEO Comments:
FOR COB USE ONLY
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Executed By: Meribeth Dermond |
Final Status:Adopted |
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Date: June 20, 2018 |
Executed Item No.: Resolution Number: 18-083 |