Agency receives clean audit; staff briefs board on new SB 827 fiscal‑training requirement

Auditors reported a clean audit for fiscal year 2024–25 and no material weaknesses; the board voted to accept the audit.

The auditor summarized the annual financial statements and communications with governance, noting increased activity in both expenditures and revenues and about $7.5 million in capital work completed, net of debt service. “We had a clean audit,” the auditor said.

After the audit presentation, staff briefed the board on SB 827, a new state law that took effect Jan. 1, 2026 and requires two hours of fiscal and public‑finance oversight training for public agency officials and for staff who handle public funds. Staff said the requirement is separate from, and in addition to, ethics and harassment‑prevention training. For officials new to office after Jan. 2, 2026, the training must be completed within six months; officials already in office have two years (to January 2028) to complete the requirement. Downey Brand and LWA plan to offer a complimentary in‑person training in Sacramento on June 2 to cover the required modules.

Board members asked whether Sacramento officials must attend and about online options; staff said the statutory requirement calls for active, interactive training and that remote or recorded sessions may not satisfy the requirement. Staff said the League of California Cities and other organizations may offer web‑based alternatives and that CSDA has already provided an online session.

A board member moved to accept the audit, the motion was seconded and the board approved it by voice vote.