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SJVIA approves consent agenda, budget transfers and selects CliftonLarsonAllen as independent auditor
Summary
The San Joaquin Valley Insurance Authority approved its consent agenda, authorized internal transfers to align appropriations, and authorized the president to execute an agreement with CliftonLarsonAllen LLP for independent audit services through fiscal year 2027.
The San Joaquin Valley Insurance Authority approved routine items including the consent agenda, authorized transfers between accounts to align FY25 posted expenditures with budget appropriations, and approved a three‑year audit services agreement with CliftonLarsonAllen LLP (CLA) with two one‑year extension options.
Why it matters: The internal transfer ensures expenditures are posted to the correct accounts and preserves compliance with budgetary requirements. Selecting CLA provides a fixed-cost independent audit arrangement for audits through fiscal year 2027 and includes a single audit if required.
Details: Auditor‑controller staff reported SJVIA year‑to‑date actual expenses of $148,703,430 against budgeted appropriations of $148,860,230 as of 06/30/2025 and requested board approval to transfer a total of $3,410,000 between accounts to align posted expenditures with appropriations. Staff explained that the appropriation increase requested earlier ($36,073,400) is included in the budgeted appropriations. The board approved the transfer.
Staff also presented results of the audit services RFP and evaluation: CliftonLarsonAllen (CLA) and Vasquez & Company submitted proposals; CLA received the highest combined technical and cost score and proposed a total fixed cost not to exceed $151,990 for the contract term (fiscal 2025–2027, plus two 1‑year options). Staff said CLA’s proposed cost, absent a required single audit, would be lower than the previous year’s auditor cost. The board authorized the president to execute the agreement.
Motions: The board approved the consent agenda, approved the mid‑year transfers totaling $3,410,000, and authorized the president to execute an agreement with CliftonLarsonAllen for independent audit services.
