Santa Monica

City Council

March 24, 2026 Order of Business 4 #C

Agenda Item C

C. Annual Comprehensive Financial Report (ACFR) for Year Ended June 30, 2025\nRecommended Action\nStaff recommends that the City Council:\n1. Adopt a finding that the Annual Comprehensive Financial Report is not a “project” subject\nto the California Environmental Quality Act (CEQA), and\n2. Receive and file the City’s Annual Comprehensive Financial Report (ACFR), the Auditors’\nLetter to Council, and the Independent Auditors’ Report on Internal Control Over\nFinancial Reporting and on Compliance and Other Matters Based on an Audit of\nFinancial Statements Performed in Accordance with Government Auditing Standards for\nthe City’s financial statements for the fiscal year ended June 30, 2025.\nStaff Report Printout\na. Attachment A - Annual Comprehensive Financial Report\nb. Attachment B - City of Santa Monica Report on Internal Control\nc. Attachment C - City of Santa Monica Audit Communication Letter