To: MAYOR AND CITY COUNCIL
From: STEPHANIE MEYER, FINANCE DIRECTOR
TITLE
title
RECEIVE AND FILE THE ANNUAL SINGLE AUDIT REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2024
end
EXECUTIVE SUMMARY
The City's independent auditors, CliftonLarsonAllen, LLP, have completed their annual review of the City's federal programs to complete the Single Audit Report for the fiscal year ended June 30, 2024. The Single Audit Report trails the Annual Comprehensive Financial Report (ACFR), which staff presented to the Audit Subcommittee and City Council on September 16, 2025 in draft, and shared in final form to the City Council on December 18, 2025. Staff has now submitted the ACFR and Single Audit report to the Federal Clearinghouse and state agencies, as required.
BACKGROUND
The Single Audit Report is required for all federal and state funded programs. These programs are audited in conformity with the provisions of the Single Audit Act of 1984 and the OMB Circular A-133, Audits of States and Local Governments.
Results Overview
The City's auditors issued a qualified opinion for the City's Section 8 Housing Choice Vouchers Program. The audit also identified five findings in the course of the audit: two classified as material weaknesses in internal controls (a more serious finding) and three as significant deficiencies in internal controls (less severe than a material weakness). All findings were related to the Section 8 Housing program. The auditors identified the two material weakness findings as the basis for the qualified opinion regarding the Section 8 program. The weaknesses pertained to the timing of the financial data schedule (FDS) submission (finding 2024-007) and the review process and lack of supporting documentation for monthly Voucher Management System (VMS) reporting (finding 2024-0010).
The audit shows an unmodified opinion (the best opinion available) with no associated findings for all of the City's other major federal programs.
Findings & Cit...
Click here for full text