City Council

6G. ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR FISCAL YEAR 2021-22\nAND RELATED AUDIT REPORTS\nEach year the City issues an Annual Comprehensive Financial Report (ACFR), which\nsummarizes the financial activity of a local government for a given fiscal year in\naccordance with financial statement presentation requirements prescribed by\ngovernment accounting standards (Attachment A). The ACFR is accompanied by an\nopinion from the City’s audit firm. The audit firm’s opinion on the City’s 2021-22 ACFR is\na clean opinion, with no exceptions, modifications, or qualifications. (The audit firm also\nissued a separate report for the Housing Authority’s 2021-22 audited financial\nstatements. The report included in Attachment B also includes a clean opinion with no\nexceptions, modifications, or qualifications from the audit firm.) In addition, the City’s\nauditors issue other reports in relation to the City’s audit. These reports are provided in\nAttachments C through E. (Attachment D, page 2 includes one recommendation that the\nCity corrected during the Fiscal Year 2021-22 audit.).\nRECOMMENDED ACTION:\n1. City Council find that this item is not subject to California Environmental Quality Act\n(“CEQA”) pursuant to Sections 15378(b)(5) (Organizational or administrative\nactivities of governments that will not result in direct or indirect physical changes in\nthe environment); and\n2. Receive and file the Annual Comprehensive Financial Report (ACFR), and related\naudit reports.\nMarch 14, 2023