Citizen Portal
Sign In

LBNA releases FY25 single audit to agencies; Oil and Gas Production Tax special audit remains confidential

Legislative Budget and Audit Committee · March 17, 2026

Loading...

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

After an executive session, the committee released the FY25 State of Alaska single audit to agencies for response but kept the report confidential until final release next month; members received a confidential update on a special Oil and Gas Production Tax audit and were barred from commenting publicly.

The Legislative Budget and Audit Committee returned from an executive session on March 17 and voted to release the preliminary FY25 State of Alaska single audit to state agencies for their response, while keeping the document confidential until its scheduled final release next month. Representative Fields moved the release and the motion passed by unanimous consent.

Senator Ray Jackson said the committee had discussed the single audit and related items in executive session and noted that the single audit will remain confidential until the committee issues its final release next month. He also reported the committee received a brief update of a special audit titled "Oil and Gas Production Tax Audit Process," and reiterated the committee cannot speak publicly about that audit at this time: "neither I nor any members of this committee, are allowed to comment on the audit publicly at this stage," he said.

The committee had gone into executive session under Uniform Rule 20 (discussion rules cited as 20(2)(1) and 20(2)(3)) to consider the preliminary FY25 single audit and to receive the special audit update; the motion specified which staff and non-committee legislators could remain in the room or online during the closed discussion. The committee scheduled a follow-up meeting for the final release on Wednesday, April 22 at 5:15 p.m.

No formal vote tally was recorded in the public transcript; the release to agencies was approved by unanimous consent. The committee emphasized the confidentiality of the special audit material and reminded attendees that statutory rules govern disclosure at this stage.