MARICOPA COUNTY FY25 BOS PRESENTATION.PDF
Extracted text (via pymupdf)
4044 characters
Maricopa County Board of Supervisors Meeting Summary of County’s fiscal year 2025 reports June 23, 2026 Lindsey A. Perry, Auditor General Katherine Edwards Decker, Financial Audit Director Michelle Walters, Financial Audit Manager INTRODUCTION WHO WE ARE Legislative agency. Provide impartial information and specific recommendations to improve operations and programs. Follow governmental auditing standards. Mission and Mandate WHY WE ARE HERE Statute requires the Board to require its auditors to present audit results and findings in a regular meeting—without use of consent agenda—within 90 days of audit’s completion. Statutory Requirement OUR ROLE Plan and conduct the audit and obtain reasonable assurance. Perform tests over controls and/or compliance and report deficiencies and instances of noncompliance. Communicate significant matters. Express opinions. Key Auditor Responsibilities COUNTY’S ROLE Accurately prepare and fairly present the County’s financial information. Design, implement, and maintain internal controls. Monitor compliance with laws, grants, and contracts. Provide fraud representations. Take corrective action for reported findings. Provide auditors with all information timely and by agreed-upon dates. Key County Responsibilities AUDIT REPORTS ISSUED Financial statement audit report–issued December 18, 2025. Report on internal control and compliance–issued February 10, 2026. Single audit report–issued March 25, 2026. We issued 3 reports REPORT HIGHLIGHTS REPORT HIGHLIGHTS Financial overview: Last 5 fiscal years (in millions) REPORT HIGHLIGHTS Federal expenditures: Last 5 fiscal years (in millions) AUDIT RESULTS PRIOR RECOMMENDATIONS Finding status Number of audit findings Fully corrected 3 Partially corrected 3 SUMMARY OF AUDIT FINDINGS Financial statement finding 2025-01 The County does not have adequate processes for managing and documenting its risks that may put its operations and IT systems and data at risk. RECOMMENDATIONS OVERVIEW Complete implementation of policies and procedures to effectively manage risk. Identify, classify, and inventory the data the County maintains. 2 recommendations to the County: SUMMARY OF AUDIT FINDINGS Financial statement finding 2025-02 The County’s procedures over IT systems and data were not sufficient, which increases the risk that systems and data may not be adequately protected. RECOMMENDATIONS OVERVIEW Periodically monitor employee compliance with access and contingency planning policies. Develop, document and implement IT policies and procedures for change management and logging and monitoring. 10 recommendations; consolidated to 2 key items: Federal compliance finding 2025-101 The Human Services Department did not report complete or accurate information in the federal reporting system, which could reduce transparency for CDBG subawards. SUMMARY OF AUDIT FINDINGS RECOMMENDATIONS OVERVIEW Immediately report required subawards in the federal system. Follow the County and Department policies and procedures for FFATA reporting. Implement the Department’s FFATA Reporting policy requirements. Develop and implement procedures for independent reviews. 4 recommendations to the County: Federal compliance finding 2025-102* The Housing Authority did not maintain complete and accurate participant files to ensure federal program compliance increasing the risk that some participants were ineligible to receive program benefits. *This finding was reported by the auditors of the Housing Authority. SUMMARY OF AUDIT FINDINGS RECOMMENDATIONS OVERVIEW The Housing Authority of Maricopa County should maintain complete and accurate participant files to ensure compliance with federal requirements. 1 recommendation to the County: Maricopa County Board of Supervisors Meeting Summary of County’s fiscal year 2025 reports June 23, 2026 Lindsey A. Perry, Auditor General Katherine Edwards Decker, Financial Audit Director Michelle Walters, Financial Audit Manager