2024 Agreed Upon Procedures and Compliance Review by LSL Team
Conducted by Nick Parkins, CPA, the agreed-upon procedures in the Sacramento Transportation Authority's Measure A revenue distributions were reviewed without any material exceptions. Recommendations for program monitoring and compliance enhancements were suggested for areas like timeliness of spending and impact fee forecasting.
Uploaded on | 0 Views
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
2024 Agreed Upon Procedures Presented by: Nick Parkins, CPA, Audit Supervisor February 27, 2025
Your LSL Team Christian Townes, CPA Partner Assurance & Advisory Riley Greenlee, CPA Manager Assurance & Advisory Nick Parkins, CPA Supervisor Assurance & Advisory
Scope of Engagement LSL has been engaged by the Sacramento Transportation Authority to perform the following agreed upon procedures: Review distributions of Measure A revenue received by the authority and the use of those funds by local agencies and the Authority for the purposes detailed in the Measure A Ordinance Assess internal controls over payment processing to determine if there were any deficiencies
Scope of Engagement Compliance agreed-upon procedures August 12 August 15, 2024 Detailed testing of compliance with measure A Ordinances Other procedures necessary to obtain sufficient, appropriate evidence Additional work performed in response to additional detailed requests and outstanding items between September and December 2024
Results of Compliance Agreed Upon Procedures We noted no material exceptions in our review of compliance with the Measure A Ordinance. We had best practice recommendations to improve the monitoring and compliance of the program in the following areas: Monitoring of timeliness of Measure A allocation spending Implementation of a limitation to the extension of contracts under Measure A Implementation of a policy for local agencies to present program balance information Strengthening of impact fee forecasting methods
www.lslcpas.com contact.us@lslcpas.com CALIFORNIA: Irvine | Sacramento TEXAS: The Woodlands
