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Placer County auditors report no compliance findings; county could regain low‑risk status
Summary
External auditors told the Placer County Audit Committee that the ACFR and Single Audit are complete, five federally funded programs were tested and passed, and the county — which spent approximately $97 million in federal awards — could return to low‑risk auditee status if no material weaknesses are reported through June 30, 2026.
Brandon Young, partner at Lance, Soll & Lunghard LLP, told the Placer County Audit Committee on April 15 that the county’s Annual Comprehensive Financial Report audit and the Single Audit have been completed and that five federally funded programs selected for testing passed compliance review.
LSL reported the county expended approximately $97 million in federal awards; the five programs tested were Highway Planning and Construction, the American Rescue Plan Act, Foster Care, Adoption Assistance, and Medical Assistance. Young said the compliance testing focused on whether funds were spent for allowable purposes, eligibility requirements were met, expenditures were recorded in the proper period, and required reporting was completed in a timely manner. He also noted much of the testing involved coordination with departments outside the Auditor’s Office, particularly Health and Human Services.
Auditor‑Controller Andy Sisk said the county did not receive any material weaknesses related to financial reporting for the fiscal year ended June 30, 2025. "If the County achieves another year without material weaknesses through June 30, 2026, the County could return to low‑risk auditee status," Sisk said, noting that a return to low‑risk status would reduce the extent of federal testing and lessen audit burden on departments.
Supervisor Shanti Landon requested the committee consider a review of Project Homekey and Project Roomkey funds to ensure they were used for their intended purposes. LSL advised the examination could be conducted as a program‑specific audit or via Agreed‑Upon Procedures (AUP); Auditor‑Controller Sisk said the AUP approach may be preferable based on prior experience. Committee members agreed to revisit the item at the July Audit Committee meeting and noted that any additional work would require a contract amendment and approval by the Board of Supervisors.
The committee did not take a formal vote on additional audit work at this meeting. The Audit Committee’s next meeting is scheduled for July 8, 2026.
