Audit Committee
February 28, 2024

2/20/2024
1 Independent Auditor Presentation –
Single Audit
For the fiscal year ended June 30, 2023
Audit Committee February 28, 2024
Grace Zhang, CPA
Partner
1 Single Audit
 Required when federal grant expenditures
exceed $750k in one year
 The City expended just over $2.8 million
across 10 programs
 Schedule of Expenditures of Federal Awards
page 3
2 1
2 2/20/2024
2 Single Audit – Major Programs
 One Major Program
 14.218 – Community Development Block Grant
3 Results of Audit
 Current Year Finding
 Noncompliance with Expenditure Requirements
 Prior Year Findings addressed
 Current Status included in the Separate Summary
Status of Prior Year Audit Findings (SSPAF)
4 3
4 2/20/2024
3 Report
 Audit was conducted in accordance with auditing
standards generally accepted in the United States of
America and Government Auditing Standards issued by
the Comptroller General of the United States of America.  Includes Two Audit Opinions
 Internal Control Over Financial Reporting and on Compliance and Other Matters (Page 7)
 Compliance for Each Major Program and on Internal Control Over Compliance (Page 9)
5 QUESTIONS?
6 “We are in the business to help our clients succeed”
5 6