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File #: 25-1711   
Type: Regular Status: Agenda Ready - Regular Calendar
File created: 1/15/2026 In control: Executive Committee
On agenda: 2/5/2026 Final action:
Title: Fiscal Year 2024-25 Annual Financial Statement Audit
Sponsors: Kristopher Ryan
Attachments: 1. Staff Report, 2. Attachment A, 3. Attachment B

Subject

title

Fiscal Year 2024-25 Annual Financial Statement Audit

overview

Overview

The Los Angeles - San Diego - San Luis Obispo Rail Corridor Agency is required to complete an annual financial audit pursuant to Government Code Section 6505.6, and as specified in the joint powers agreement, bylaws, and the administrative support agreement.  Crowe LLP, an independent accounting firm, has completed the annual audit of the Los Angeles - San Diego - San Luis Obispo Rail Corridor Agency financial statements for fiscal year 2024-25, and has issued its independent auditors’ opinion.

recommendation

Recommendation(s)

Receive and file the fiscal year 2024-25 Los Angeles - San Diego - San Luis Obispo Rail Corridor Agency audited annual financial statements and accompanying independent auditor’s report.