City Council Agenda
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Memo to: |
Manteca City Council |
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From: |
Shay Narayan, Director of Finance |
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Prepared by: |
Melissa Munoz, Accounting Manager |
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Date: |
April 1, 2025 |
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Subject: |
Fiscal Year 2022-2023 Audit Reports |
Recommendation:
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Receive and file the following Fiscal Year 2022-23 audit reports: Single Audit Report and Memorandum on Internal Control
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Background:
The City’s auditors, Maze & Associates, an independent CPA Firm, have completed the remainder of the FY 2022-23 audit and have issued the following reports:
• Single Audit Report: Audit of the City’s federal awards and expenditures for the fiscal year as required by the Code of Federal Regulations 2 CFR 200; includes a review of federal findings.
• Management Representation Letter: The letter attests to the accuracy of the financial information that the federal entity has submitted to the auditors for their analysis.
• PB-CAP (Correction Action Plan for Current Year Findings): The purpose of the PB-CAP is to define corrective actions for resolving any nonconformances identified during the Audit.
• PBC-SSPAF (Summary Schedule of Prior Audit Findings): The purpose of the PB-SSPAF is to define corrective actions for resolving any nonconformances identified during prior-year audits.
• MOIC (Memorandum on Internal Control): The City’s MOIC serves as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing the Auditor’s opinions on the financial statements.
Fiscal Impact:
Receive and file. No fiscal impact.
Documents Attached:
1. Attachment 1 - Fiscal Year 2022-23 Single Audit Report
2. Attachment 2 - Management Rep Letter
3. Attachment 3 - PB-CAP (Corrective Action Plan for Current Year Findings) FY23
4. Attachment 4 - PBC-SSPAF (Summary Schedule of Prior Audit Findings)
5. Attachment 5 - Memorandum on Internal Control