City Council

1. CITY OF COSTA MESA, COSTA MESA FINANCING AUTHORITY, 24-045 AND COSTA MESA HOUSING AUTHORITY FINANCIAL STATEMENTS, AND HOUSING SUCCESSOR ANNUAL REPORT FOR THE PERIOD ENDING JUNE 30, 2023. RECOMMENDATION: 1. Staff recommends the City Council receive and file the following reports for the fiscal year ended June 30, 2023: a. Annual Comprehensive Financial Report (ACFR) (Attachment 1). b. Air Quality Improvement Fund Compliance Report (Attachment 2). c. Audit Communication Letter (Attachment 3). d. Independent Accountant's Report on Agreed-Upon Procedures Applied to Appropriation Limit Worksheets (Attachment 4). 2. Staff recommends the City Council and Costa Mesa Financing Authority receive and file the Costa Mesa Financing Authority audited financial statements for the fiscal year ended June 30, 2023 (Attachment 5). 3. Staff recommends the City Council and Housing Authority receive and file the following reports for the fiscal year ended June 30, 2023: a. Independent Financial Audit of the Costa Mesa Housing Authority, including the Low and Moderate Income Housing Asset Fund (Attachment 6); and b. The Fiscal Year 2022-23 Housing Successor Annual Report prepared under the California Health and Safety Code Section 34176.1 as the housing successor and Section 34328 as a housing authority (Attachment 7). Attachments: 1. FY 2022-23 Annual Comprehensive Financial Report 2. FY 2022-23 Air Quality Improvement Fund Compliance Report 3. FY 2022-23 Audit Communication Letter 4. FY 2022-23 Report on Agreed-Upon Procedures Applied to Appropriation Limit Worksheets 5. FY 2022-23 Costa Mesa Financing Authority Financial Statements 6. FY 2022-23 Costa Mesa Housing Authority Financial Statements REDEVELOPMENT AGENCY AND