TO: Board of Supervisors
FROM: Tracy A. Schulze - Auditor-Controller
REPORT BY: Georgina Panganiban - Deputy Auditor-Controller
SUBJECT: Napa County Local Transportation Fund Audit Report for Fiscal Year Ended June 30, 2025
RECOMMENDATION
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Accept and file the Napa County Local Transportation Fund financial audit report for fiscal year ended June 30, 2025. (No Fiscal Impact, Mandatory)
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BACKGROUND
Brown Armstrong Accountancy Corporation has audited the financial statements of the Napa County Local Transportation Fund (LTF) for the year ended June 30, 2025. These statements are finalized in conjunction with the financial audit of the Napa Valley Transportation Authority (NVTA). The LTF provides NVTA funding for specific projects approved by the Metropolitan Transit Commission (MTC).
The audit report presented today was prepared in accordance with generally accepted auditing standards (GAAP) and in compliance with California Code of Regulations Title 21 Sections 6666 and 6667 as applicable. The report has an unqualified (clean) opinion, with no management comments. Once accepted, the report will be submitted to MTC.
Requested Action: Accept and file the report.
FISCAL & STRATEGIC PLAN IMPACT
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Is there a Fiscal Impact? |
No |
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Is it Mandatory or Discretionary? |
Mandatory |
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Is the general fund affected? |
No |
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Future fiscal impact: |
None |
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Consequences if not approved: |
The County would not be in compliance with the California Code of Regulations |
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: The proposed action is not a project as defined by 14 California Code of Regulations 15378 (State CEQA Guidelines) and therefore CEQA is not applicable.