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File #: 23-4649   
Type: Orange County Transportation Authority Item Status: Reported to Board - Consent
File created: 12/19/2022 In control: Finance and Administration Committee
On agenda: 1/25/2023 Final action:
Title: Fiscal Year 2021-22 Single Audit and Agreed-Upon Procedures Reports
Sponsors: Janet Sutter
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A, 4. Attachment B, 5. Attachment C, 6. Attachment D, 7. Attachment E, 8. Attachment F

Title

Fiscal Year 2021-22 Single Audit and Agreed-Upon Procedures Reports

 

Overview

Overview

The Orange County Transportation Authority is required to obtain an independent auditor’s opinion on its compliance with requirements of major federal programs. Crowe LLP, an independent accounting firm, has issued the required Single Audit Report with its opinion on the Orange County Transportation Authority’s compliance with major federal programs. In addition, reports have been issued on the results of agreed-upon procedures applied by Crowe LLP, to assist management in determining compliance with certain state, federal, and local requirements.

 

Recommendation(s)

Recommendations

A.                     Receive and file the fiscal year 2021-22 Single Audit and agreed-upon procedures reports, and management responses (as applicable) as information items.

 

B.                     Direct staff to implement two auditor recommendations related to excess transfers of State Transit Assistance funds to the Orange County Transit District and complete preparation of the Schedule of Expenditures of Federal Awards.

 

C.                     Direct staff to implement management responses to auditor findings in the application of agrees-upon procedures related to the National Transit Database report, the Treasury Department, and the Measure M2 Status report.