Audio - Citizens' Oversight Committee - June 18, 2026

The City of Escondido Citizens' Oversight Committee meeting on June 18, 2026, focused on the upcoming audit engagement for the Measure I program. The discussion centered on the scope of the examination, which is a focused audit of revenues and expenditures related to the Measure I program for the fiscal year ended June 30, 2026. The audit aims to verify management's assertions that funds were used in compliance with the city ordinance and adopted budget. The auditors explained their risk assessment process, materiality thresholds (typically 1-2% of total expenditures for this first audit), and the format of the final report, which will include a schedule of revenues and expenditures. No contract awards, vendor selections, or budget allocations were discussed, but the audit results could influence future financial oversight and spending decisions related to the Measure I program.