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The Shasta Regional Transportation Agency (SRTA) got draft audit reports for Fiscal Year (FY) 2024/25 from Davis Farr LLP on September 17, 2026. The audit found two big problems with SRTA's financial controls. First, SRTA's accounting system has limits and does not keep a balanced set of accounts for each government fund. Second, SRTA hired an accounting clerk but did not fix the issue of separating duties. The financial statements show SRTA’s financial position fairly, following accepted accounting rules. The Single Audit results were good, with no issues found in SRTA’s major federal program. The delay in submitting the audit reports caused the State Controller’s Office to hold back FY 2025/26 fourth-quarter and FY 2026/27 first-quarter State Transit Assistance (STA) payments. SRTA staff is working on fixing these problems. The SRTA Board of Directors is asked to approve the FY 2024/25 financial statements and audit reports, direct staff to submit the reports to the State Controller’s Office and other agencies, and review staff’s plan to fix the audit findings.