CaliforniaCounty auditors: special districts: annual audit exceptions.
What it does
Existing law requires a county auditor to make or contract with a certified public accountant or public accountant to make an annual audit of the accounts and records of every special district within the county for which an audit is not otherwise provided, as specified. Existing law authorizes a special district to replace this annual audit with a financial review, or, until January 1, 2027, an agreed-upon procedures engagement or an annual financial compilation of the special district, if specified conditions are met, including that the special district's annual revenues do not exceed $150,000. Until January 1, 2027, upon receipt of the financial review, agreed-upon procedures engagement, or financial compilation, existing law authorizes a county auditor to appoint a certified public accountant or a public accountant to conduct an audit of the special district, as specified.
More detail
Existing law prohibits a special district from replacing the annual audit requirement with an annual financial compilation for more than 5 consecutive years, after which existing law requires the special district to use specified procedures.
This bill would extend the January 1, 2027, repeal date referenced above to January 1, 2037, and would increase the revenue cap described above to $250,000. After replacing the annual audit requirement with an annual financial compilation for 5 years, the bill would authorize a special district with annual revenues of less than $50,000 to replace the annual audit with a financial review, as described above.
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Where it stands
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Aug 27Chaptered by Secretary of State. Chapter 150, Statutes of 2026.Latest
- Aug 27Approved by the Governor Gavin Newsom.Became Law
- Aug 18Enrolled and presented to the Governor at 3 p.m.To Governor
- Aug 10Assembly amendments concurred in. (Ayes 39. Noes 0. Page 5317.) Ordered to engrossing and enrolling.Major
- Vote recorded Unfinished Business SB992 Niello Concurrence. Result: pass.Upper
- Aug 6In Senate. Concurrence in Assembly amendments pending.
- Vote recorded SB 992 Niello Consent Calendar Second Day. Result: pass.Lower
- Aug 6Read third time. Passed. (Ayes 71. Noes 0. Page 6087.) Ordered to the Senate.Passed Assembly
- Aug 3Read second time. Ordered to consent calendar.Minor
- Jul 2From committee: Do pass. Ordered to consent calendar. (Ayes 9. Noes 0.) (July 1).Minor
- Jul 1
- Vote recorded Do pass. To Consent Calendar. Result: pass.Lower
- Jun 23From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV.Major
- Jun 17June 17 hearing postponed by committee.
- Jun 1Referred to Com. on L. GOV.Minor
- May 26In Assembly. Read first time. Held at Desk.Minor
- Vote recorded 3rd Reading. Result: pass.Upper
- May 26Read third time. Passed. (Ayes 38. Noes 0. Page 4453.) Ordered to the Assembly.Passed Senate
- Apr 30Read second time. Ordered to third reading.Minor
- Apr 29From committee: Do pass. (Ayes 7. Noes 0. Page 4095.) (April 29).Minor
- Vote recorded Do pass. Result: pass.Upper
- Apr 9Set for hearing April 29.
- Mar 18March 18 set for first hearing canceled at the request of author.
- Mar 5Set for hearing March 18.
- Feb 18Referred to Com. on L. GOV.Minor
- Feb 9From printer. May be acted upon on or after March 8.
- Feb 5Introduced. Read first time. To Com. on RLS. for assignment. To print.Introduced