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File #: 25-6208   
Type: Orange County Local Transportation Authority Item Status: Committee Ready - Regular Calendar
File created: 4/14/2025 In control: Finance and Administration Committee
On agenda: 4/23/2025 Final action:
Title: Orange County Local Transportation Authority Report on Compliance with the Measure M2 Ordinance, Year Ended June 30, 2024
Sponsors: Janet Sutter
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A

Subject

title

Orange County Local Transportation Authority Report on Compliance with the Measure M2 Ordinance, Year Ended June 30, 2024

overview

Overview

Crowe LLP, an independent accounting firm, has issued results of its audit of the Orange County Local Transportation Authority’s compliance with the Measure M2 Ordinance for the year ended June 30, 2024. The auditors found that the Orange County Local Transportation Authority complied, in all material respects, with the compliance requirements of the Measure M2 Ordinance for the year ended June 30, 2024. In addition, no reportable deficiencies in internal control over compliance were identified.

recommendation

Recommendation(s)

A.                     Receive and file as an information item.

 

B.                     Approve a request from the Measure M2 Taxpayer Oversight Committee to conduct Measure M2 compliance audits on an annual basis. If approved, authorize an increase in contract budget of $400,000 for fiscal years 2024-25 and 2025-26 under Agreement No. C-3-2931 with Crowe LLP, increasing the maximum obligation to $2,185,500.