TITLE
Recommendation to receive and file the Federal Single Audit for the Fiscal Year Ended September 30, 2022. (Citywide)
DISCUSSION
On April 18, 2023, the Financial Management Department submitted to the City Council the City of Long Beach's (City) Annual Comprehensive Financial Report and other separately issued financial reports and statements for the Fiscal Year Ended September 30, 2022 (FY 22), as required by the City Charter. The Single Audit Report was not available on April 18th and is now attached.
Federal Single Audit
The Federal Single Audit is required by the Federal Office of Management and Budget (OMB) for municipalities receiving over $750,000 annually in federal funds. The Federal Single Audit covered the following major programs:
• HOME Investment Partnership Program
• Workforce Innovation and Opportunity Act Cluster
• Airport Improvement Program
• Emergency Rental Assistance Program
• American Rescue Plan Act
• Immunization Cooperative Agreements
The Federal Single Audit resulted in one audit finding for the HOME Investment Partnership Program that can be found on page 15 of the attachment.
This matter was reviewed by Deputy City Attorney Monica J. Kilaita and Revenue Management Officer Geraldine Alejo on June 29, 2023.
TIMING CONSIDERATIONS
City Council action on this item is not time critical.
FISCAL IMPACT
This recommendation has no staffing impact beyond the normal budgeted scope of duties and is consistent with existing City Council priorities. There is no fiscal or local job impact associated with this recommendation.
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
KEVIN RIPER
DIRECTOR
FINANCIAL MANAGEMENT
APPROVED:
THOMAS B. MODICA
CITY MANAGER