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APCD board receives annual ERC equivalency and financial audit reports; motions pass unanimously
Summary
The Ventura County APCD board received and filed the annual equivalency demonstration for new-source review (Rule 26) showing positive ERC balances and accepted the ACFR and single-audit for fiscal year 2023–24 with an unmodified opinion from auditors Eddie Bailey LLP; both receive-and-file motions passed unanimously.
The Ventura County Air Pollution Control District board on June 10 received and filed two staff reports: an annual equivalency demonstration under the district’s new-source review rule (Rule 26) and the district’s annual comprehensive financial report (ACFR) and single-audit report for the fiscal year ended June 30, 2024.
Staff reported the Rule 26 report documents that, for calendar year 2024, the district demonstrated equivalency to federal new-source review requirements and concluded with a positive bank of emission reduction credits (ERCs): more than 72 tons per year of reactive organic compounds (ROC) and more than 70 tons per year of nitrogen oxides (NOx). The staff presentation said that equivalency means new major sources or modifications remain exempt from providing surplus ERCs at the time of use under the district rule as long as equivalency is maintained.
On the financial reports, staff said the audit for fiscal year 2023–24 was completed by Eddie Bailey LLP; the auditors issued an unmodified opinion on the annual comprehensive financial statements. Staff also reported that the single audit — required because the district receives more than $750,000 in federal funding — determined the district complied with federal requirements in all material respects.
Board members had no substantive questions during the presentations. A receive-and-file motion for each report was made and both motions passed unanimously.
These items were presented as “receive and file” matters; no policy or program changes were approved as part of the motions.
