TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Ashley Lopez, Accounting Manager
SUBJECT:
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Presentation and Review of the City of Murrieta's Fiscal Year 2024/25 Annual Comprehensive Financial Report and Single Audit Report
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ABSTRACT
The City of Murrieta has prepared its Annual Comprehensive Financial Report (Financial Statements) and Single Audit Report on Federal Awards for the Fiscal Year ending June 30, 2025. The independent auditing firm of Rogers, Anderson, Malody, and Scott, LLP (RAMS) has issued an unmodified (clean) opinion on the City's financial statements and Single Audit.
RECOMMENDATION
recommendation
Receive and file the Fiscal Year 2024/25 Annual Comprehensive Financial and Single Audit Reports.
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PRIOR ACTION/VOTE
On April 18, 2023, the City Council awarded an agreement to Rogers, Anderson, Malody, and Scott, LLP for independent audit services (Vote: 4-0-1).
On April 2, 2024, the Fiscal Year 2022/23 Annual Comprehensive Financial Report and Single Audit Report were received and filed with the City Council (Vote: 5-0).
On August 20, 2024, the City Council approved the first amendment to the agreement with Rogers, Anderson, Malody, and Scott, LLP (Vote: 5-0).
On January 21, 2025, the Fiscal Year 2023/2024 Annual Comprehensive Financial Report and Single Audit Report were received and filed with the City Council (Vote: 5-0).
STRATEGIC ALIGNMENT
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.
DISCUSSION
The City of Murrieta (City) has completed the annual independent audit and prepared its Financial Statements for the Fiscal Year ending June 30, 2025 (Attachment 1). The independent auditing firm of Rogers, Anderson, Malody, and Scott, LLP (RAMS) has issued an unmodified (clean) opinion on the City's financial statements, indicating they are free from material misstatement and pr...
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