According to Welfare and Institutions Code 4639, regional centers shall annually contract with an independent accounting firm for an audit report of its financial statements. The audit report shall be reviewed and approved by the regional center board. Within 60 days of completion, the audit report shall be made available to the public and submitted to DDS. Additionally, the audit shall not be completed by the same accounting firm more than five (5) times in any ten (10) year period. Frank D. Lanterman Regional Center's fiscal year is July 1st to June 30th. The audit report for the fiscal year ending June 30, 2025 will be the fifth for the present accounting firm. The Center seeks to engage an accounting firm to conduct the audit and provide tax compliance services for the fiscal year ending June 30, 2026. The Center’s Administrative Affairs Committee is responsible for engaging and overseeing the independent auditor's activities in conducting the audit of the Center's financial statements and preparation and filing of federal Form 990, California Form 199, and California Form RRF-1.
