To: Board of Supervisors
From: Auditor-Controller
Agenda Section: Time Certain Matter
SUBJECT:
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2:30 PM - Presentation of Fiscal Year 2019-2020 Audit Reports
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Receive and file the audit reports prepared by CliftonLarsonAllen LLP (CLA), regarding the financial statements of the County of Humboldt for the fiscal year ended June 30, 2020; and
2. Receive and file the Corrective Action Plan on behalf of the County of Humboldt as a response to the findings identified in the Single Audit Report for the fiscal year ended June 30, 2020.
3. Approve audit engagements for the fiscal year ended June 30, 2021, and June 30, 2022, and authorize the County Administrative Officer to sign the proposal, execute the engagement contracts, and all subsequent amendments regarding the provision of external audit services, after review and approval by County Counsel and Risk Management.
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SOURCE OF FUNDING:
General Fund
DISCUSSION:
CliftonLarsonAllen LLP has completed the long-awaited audit of the financial statements of the County of Humboldt for the year ended June 30, 2020, and has issued its reports dated Aug. 9, 2022. Those reports include the "Financial Statements" (Attachment 1), the "Single Audit Report" (Attachment 2), the "Governance Communication Letter" (Attachment 3), and the "Management Letter" (Attachment 4). Copies of the Financial Statements" and the "Single Audit Report" are being distributed to the appropriate state and federal agencies in compliance with the Federal Single Audit Act and the California (CA) State Controller's Office mandates. The firm's principal auditor, Rich Gonzalez, Certified Public Accountant (CPA), will present the reports to your Board and answer questions.
The Single Audit Report Section II, includes eight financial statement findings, seven of the findings are "Material Weakness in Internal Control over Financial Reporting" and one finding is ...
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