Title
Joint Board of Supervisors/Grand Jury Audit Committee recommending the Board receive and file the audits of the County financial statements, performed by Lance, Soll & Lunghard, LLP, for the year ending June 30, 2025. Reports include:
1) Annual Financial Report;
2) Single Audit Report; and
3) Management Reports.
FUNDING: N/A
Body
DISCUSSION / BACKGROUND
On September 17, 2024, the Board authorized the retention of Lance, Soll & Lunghard, LLP, an independent certified public accounting firm, in accordance with CA Government Code 25250, to perform audits of the County's financial accounts for the fiscal years ending June 30, 2024, 2025, and 2026, with the option to extend for one option period of two years, through June 30, 2027 and 2028.
Lance, Soll & Lunghard, LLP completed the audit reports for fiscal year ending June 30, 2025, and the reports have been shared with the Annual Audit Committee.
The audit reports are also posted on the County website, under the Auditor-Controller Department (https://www.eldoradocounty.ca.gov/County-Government/County-Departments/Auditor-Controller/County-Financial-Statements).
ALTERNATIVES
N/A
PRIOR BOARD ACTION
N/A
OTHER DEPARTMENT / AGENCY INVOLVEMENT
Chair and Vice Chair of the El Dorado County Board of Supervisors, Members of the Grand Jury Audit Committee
CAO RECOMMENDATION
The Chief Administrative Office recommends the Board receive and file the Audit reports for fiscal year ending June 30, 2025.
FINANCIAL IMPACT
N/A
CLERK OF THE BOARD FOLLOW UP ACTIONS
Receive and file the reports.
STRATEGIC PLAN COMPONENT
N/A
CONTACT
Alison Winter, Principal Management Analyst