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SHRA financial audit: clean opinion on statements but material weaknesses found in voucher and public housing programs
Summary
External auditors gave the Sacramento Housing and Redevelopment Agency an unmodified opinion on its financial statements but reported material weaknesses and significant deficiencies in certain federal programs, notably the Housing Choice Voucher and public housing programs, citing untimely annual certifications and inspection follow-ups; staff said these primarily reflect timeliness improvements needed, not fraud.
An external audit of the Sacramento Housing and Redevelopment Agency's 2024 financial statements presented to the Board on Feb. 24 found a clean (unmodified) opinion on the agency's financial statements overall, but identified material weaknesses and significant deficiencies within some federally funded programs.
Mandy Merchant of CliftonLarsonAllen described the audit scope and results, saying the financial statements received an unmodified opinion, and that the single‑audit for federal awards also received an overall unmodified opinion but included qualifications for two programs. Merchant flagged…
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