DATE: August 6, 2024
TO: Board of Supervisors
SUBMITTED BY: Oscar J. Garcia, CPA, Auditor-Controller/Treasurer-Tax Collector
SUBJECT: Agreement with Easton Community Services District for the Preparation of Financials Statements and Engagement of an External Auditor
RECOMMENDED ACTION(S):
TITLE
Approve and authorize the Chairman to execute an agreement with Easton Community Services District (the "District") for the preparation of financial statements and engagement of an external auditor for Fiscal Year 2017-18 through Fiscal Year 2021-22 (Covered Fiscal Years).
REPORT
Approval of the recommended action will allow the County to provide financial and accounting services to the District for the Covered Fiscal Years. It will also authorize the engagement of an accounting firm to audit the financial statements for each of the Covered Fiscal Years. Although the County will incur the costs associated with the audit, these costs will be reimbursed by the District. This measure will help the District catch up with its obligations, so that going forward it will be able to comply with Government Code Section 26909, which mandates that special districts submit an audited financial report to the Auditor-Controller/Treasurer-Tax Collector's Office within 12 months of the close of the fiscal year or years subject to audit. The Easton Community Services District lies within District One and District Three.
ALTERNATIVE ACTION(S):
There is no other viable option. Failure to approve the contract to provide limited financial and accounting services would impair the District's ability to come into compliance with Government Code Section 26909 and result in further time delay and significant costs for the District to hire other financial and accounting services provider.
FISCAL IMPACT:
The cost of the agreement for limited financial and accounting services provided by the Auditor-Controller/Treasurer-Tax Collector's office to the District for the Covered Fiscal Years is es...
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