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File #: 25-6021   
Type: Orange County Transportation Authority Item Status: Committee Ready - Regular Calendar
File created: 1/16/2025 In control: Finance and Administration Committee
On agenda: 11/12/2025 Final action:
Title: Fiscal Year 2024-25 Audited Financial Statements and Independent Auditor's Reports on Internal Control Over Financial Reporting
Sponsors: Rima Tan, Andrew Oftelie
Attachments: 1. Staff Report, 2. Attachment A, 3. Attachment B, 4. Attachment C, 5. Attachment D, 6. Attachment E, 7. Attachment F, 8. Attachment G

Subject

title

Fiscal Year 2024-25 Audited Financial Statements and Independent Auditor's Reports on Internal Control Over Financial Reporting

overview

Overview

The Orange County Transportation Authority is required to obtain an independent auditor’s opinion on various financial statements and schedules. Crowe LLP, an independent accounting firm, has completed its annual audit of the Orange County Transportation Authority for fiscal year 2024-25. In addition, a report has been issued on the results of additional analysis performed by Crowe LLP to assist management in determining compliance with certain state requirements.

 

In connection with the annual audit of the Orange County Transportation Authority, Crowe LLP has issued its auditor’s report on internal control over financial reporting with no deficiency.

recommendation

Recommendation(s)

Receive and file the fiscal year 2024-25 audited financial statements and independent auditor’s report on internal control over financial reporting as information items.