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CA SB992
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Roger Niello
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AI Summary
- Increases the annual revenue threshold for special districts to qualify for audit alternatives (financial review, agreed-upon procedures engagement, or financial compilation) from $150,000 to $250,000
- Removes the January 1, 2027 sunset date that would have repealed provisions allowing special districts to use agreed-upon procedures engagements or financial compilations instead of full annual audits
- Special districts must still meet eligibility requirements including having all revenues and expenditures transacted through the county's financial system
- Requires unanimous approval from both the special district's governing board and the county board of supervisors to use these audit alternatives
- County auditors retain authority to appoint a certified public accountant to conduct a full audit of any special district even after receiving alternative financial reports
Legislative Description
County auditors: special districts: annual audit exceptions.
Last Action
Set for hearing March 18.
3/5/2026
Committee Referrals
Local Government2/18/2026
Rules2/5/2026
Full Bill Text
No bill text available