TITLE
Recommendation receive and file the Federal Single Audit for the Fiscal Year Ended September 30, 2021. (Citywide)
DISCUSSION
On May 3, 2022, 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, 2021 (FY 21), as required by the City Charter. The City’s independent financial auditors complete their Single Audit Report only after the regular audit is complete, so it is attached to this letter several months later.
Federal Single Audit
The Federal Single Audit is required by the Office of Management and Budget (OMB) for municipalities receiving over $750,000 annually in federal funds. The Federal Single Audit for FY 21 conducted by KPMG resulted in no grant program-related questioned costs and covered the following major programs:
• Special Supplemental Nutrition Program for Women, Infants, and Children
• Community Development Block Grant/Entitlement Grants
• Emergency Solutions Grant
• Highway Planning and Construction
• American Rescue Plan Act
• Emergency Rental Assistance Program
• Epidemiology & Lab Capacity Enhancing Detection
• Port Security Grant Program
• Airport Improvement Program
This matter was reviewed by Deputy City Attorney Anita Lakhani on June 9, 2022 and by Revenue Management Officer Geraldine Alejo on June 8, 2022.
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 OF FINANCIAL MANAGEMENT
APPROVED:
THOMAS B. MODICA
CITY MANAGER