California Code of Regulations › Title 21 - Public Works › Division 3 - California State Transportation Agency › Chapter 2 - Transportation Development [Renumbered] › Article 5.5 - Audit and Expenditure Reports › Section 6664 - Fiscal and Compliance Audits of All Claimants

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In accordance with Public Utilities Code Section
					 99245,
					 a report of a fiscal and compliance audit made by an independent auditor shall
					 be submitted by each claimant within 180 days after the end of the fiscal year,
					 except that the responsible entity, as defined in Section
					 6663, may grant an extension of up
					 to 90 days as it deems necessary. No allocation shall be made to any claimant
					 that is delinquent in its submission of a fiscal and compliance audit report.
					 The audit shall be conducted in accordance with generally accepted auditing
					 standards of the claimant's financial statements for the fiscal year which
					 shall be prepared in accordance with generally accepted accounting principles.
					 The audit shall also be directed toward obtaining knowledge of the claimant's
					 compliance or noncompliance with the Act, and the auditor shall perform the
					 tasks specified in Section
					 6666 or
					 6667, whichever is
					 appropriate.
The audit report shall include, with the financial
					 statements for the fiscal year that is the subject of the audit, the
					 corresponding amounts from the claimant's audited financial statements for the
					 fiscal year prior to the year that is the subject of the audit.
The audit report shall include a certification of
					 compliance with the Act. The certification shall take the form of a statement
					 that the funds allocated to and received by the claimant pursuant to the Act
					 were, with any exceptions specifically noted, expended in conformance with the
					 applicable statutes, rules and regulations of the Act and the allocation
					 instructions and resolutions of the transportation planning agency and, where
					 applicable, the county transportation commission or metropolitan transit
					 development board. An unqualified negative statement (e.g., "no violation of
					 the law was brought to our attention") shall not be accepted. The certification
					 may take the form of negative assurance, however, if it makes reference to the
					 performance by the independent auditor of each of the tasks specified in
					 Section 6666 or
					 6667.
The transportation planning agency shall provide to the
					 independent auditor, or specify the means by which the auditor may obtain, such
					 information and documents, other than the financial records of the claimant, as
					 may be required to conduct the compliance portion of the audit. The documents
					 shall include, but not be limited to, (a) the allocation instructions or
					 resolutions stating the purposes for which the funds were allocated, (b) the
					 text of the Act and the administrative rules and regulations, (c) the rules,
					 regulations, and procedures of the transportation planning agency, and (d) in
					 the case of transit claimants, the uniform system of accounts and records
					 adopted by the State Controller pursuant to Public Utilities Code Section
					 99243
					 including, as necessary, the detailed definitions included in the federal
					 "Uniform System of Accounts and Records and Reporting System," January
					 1977.
1. New
					 section filed 3-4-77; effective thirtieth day thereafter (Register 77, No.
					 10).
2. Repealer and new section filed 2-7-78; effective thirtieth
					 day thereafter (Register 78, No. 6).
3. Amendment filed 5-7-81;
					 effective thirtieth day thereafter (Register 81, No. 19).
Note: Authority cited: Section
						99241,
						Public Utilities Code. Reference: Sections
						99241,
						99245,
						Public Utilities Code.