Board accepts auditor's clean opinion on Reclamation District 900 financial statements

Reclamation District 900 trustees on April 16 accepted audited financial statements and the accompanying independent auditor's reports for the fiscal years ended June 30, 2023, receiving an unmodified (clean) opinion from the auditor.

James Butera, joining the meeting remotely as the engagement partner, told the board the audit was performed under Generally Accepted Auditing Standards and government auditing standards. He said the firm issued an unmodified opinion for fiscal year 2024 (presented in the statements) and noted no material weaknesses, significant deficiencies, or findings of noncompliance for the period under audit. "Happy to report an unmodified auditor's opinion," Butera said.

The auditor reviewed key highlights: net position increased roughly $1.4 million to about $20.5 million, about half of which are capital assets; fund balance on the modified-accrual basis rose about $1.6 million to roughly $13.7 million; the district carries minimal long-term debt and no bonds; and the most significant long-term items are compensated absences and an OPEB liability. The auditor also flagged a forthcoming reporting consideration—cited in the meeting as "GADIA 101"—related to compensated-absence calculation methods and said the firm would assist finance staff with implementation guidance.

Board members thanked the audit team for the presentation. The board then voted to accept the financial statements and audit reports. The roll call recorded Trustee Alcala voting "Aye," a trustee listed in the transcript as "Trustee Zia Holt" voting "Aye," and President Guerrero voting "Aye." The motion passed.

The auditor said the firm plans to better align next year's fieldwork with the city's schedule and aims to issue the next audit in December 2025. The board recorded appreciation for staff (named in the presentation as Blake, Aaron and Dustin) and for the auditor's work.