As required by the Ordinance an Annual Independent Financial Measure L Audit must be prepared for each agency receiving Measure L Funds in conformity with generally accepted accounting principles issued by the Governmental Accounting Standards Board. The Certified Public Accounting (CPA) firm of Hudson Henderson & Company Inc. completed its independent auditor’s reports on Measure L for the year ended June 30, 2018. Within the reports are the Basic Financial Statements and Compliance Reports. All agencies received an unqualified or “clean” opinion on the financial statements.
Pursuant to the Measure L Ordinance Section 18.01A, the Measure L Oversight Committee as required, has reviewed the audits and has issued an annual report on its findings regarding compliance with the requirements of the Expenditure Plan and the Ordinance to the Board of the Authority, the StanCOG Policy Board.