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California 20252026

SB 992

County auditors: special districts: annual audit exceptions.

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Source: Open States / PluralUpdated 2026-09-12 13:12:55 UTC.

Official record

Measure details

Jurisdiction
California
Session
20252026
Chamber
upper
Classification
bill
Subjects
Countyauditors, annualauditexceptions, specialdistricts
Introduced / first action
2026-02-05 00:00:00

Source-supplied abstracts

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. 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.

Sponsors

Source-supplied history

Actions

  1. Chaptered by Secretary of State. Chapter 150, Statutes of 2026.

    became-law

  2. Approved by the Governor.

    executive-signature

  3. Enrolled and presented to the Governor at 3 p.m.

    executive-receipt

  4. Assembly amendments concurred in. (Ayes 39. Noes 0.) Ordered to engrossing and enrolling.

    amendment-passage, committee-passage, committee-passage-favorable

  5. In Senate. Concurrence in Assembly amendments pending.

  6. Read third time. Passed. (Ayes 71. Noes 0. Page 6087.) Ordered to the Senate.

    passage, reading-1, reading-3

  7. Read second time. Ordered to consent calendar.

    reading-1, reading-2

  8. From committee: Do pass. Ordered to consent calendar. (Ayes 9. Noes 0.) (July 1).

    committee-passage, committee-passage-favorable

  9. From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV.

    amendment-passage, committee-passage, reading-1, reading-2, referral-committee

  10. June 17 hearing postponed by committee.

  11. Referred to Com. on L. GOV.

    referral-committee

  12. In Assembly. Read first time. Held at Desk.

    reading-1

  13. Read third time. Passed. (Ayes 38. Noes 0. Page 4453.) Ordered to the Assembly.

    passage, reading-1, reading-3

  14. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  15. From committee: Do pass. (Ayes 7. Noes 0. Page 4095.) (April 29).

    committee-passage, committee-passage-favorable

  16. Set for hearing April 29.

  17. March 18 set for first hearing canceled at the request of author.

  18. Set for hearing March 18.

  19. Referred to Com. on L. GOV.

    referral-committee

  20. From printer. May be acted upon on or after March 8.

  21. Introduced. Read first time. To Com. on RLS. for assignment. To print.

    introduction, reading-1, referral-committee

When supplied by the API

Related measures

No resolvable related measure is supplied.