Receive monthly Auditor-Controller informational report to the Audit Committee on the status of the fiscal year 2025/2026 year-end close that is a prerequisite for the preparation of the County's Annual Comprehensive Financial Report and Schedule of Expenditures of Federal Awards (SEFA) for the Fiscal Year ending June 30, 2026 external audit.
AUDIT COMMITTEE
Pursuant to County of San Benito Resolution 25-102, the Auditor-Controller shall provide monthly informational reports to the Audit Committee of the whole on the status of the preparation of the County's Annual Comprehensive Financial Report (ACFR) and Schedule of Expenditures of Federal Awards (SEFA).
In preparation of the fiscal year 2025/2026 close, County departments were provided deadlines for recognition of revenue and expenditures. In addition, documented notes/instructions were made available via the Auditor's SharePoint and several in-person trainings and Q&A's have been conducted over the past five months.
- August 21, 2026 - Accounts Payable deadline to accrue FY25/26 expenditures
- August 28, 2026 - Accounts Receivable deadline to accrue FY25/26 revenue
In preparation of the fiscal year 2025/2026 Single Audit, County departments were given a deadline of September 11, 2026 to submit their departmental Schedule of Expenditures of Federal Awards (SEFA). SEFA instructions were provided via email on 7/1/26 and in-person training was held on 7/21/26.
Informational report. No fiscal impact.
Receive monthly Auditor-Controller informational report to the Audit Committee on the status of the fiscal year 2025/2026 year-end close that is a prerequisite for the preparation of the County's Annual Comprehensive Financial Report and Schedule of Expenditures of Federal Awards (SEFA) for the Fiscal Year ending June 30, 2026 external audit.