City Council

C. Acceptance of Annual Audit Reports for the Fiscal Year Ended June 30, 2025 The certified public accounting firm of Lance, Soll & Lunghard, LLP (LSL) was engaged by the City Council to perform an audit of the financial statements and perform compliance testing of the City of Rosemead of the fiscal year ended June 30, 2025. LSL conducted the audit in accordance with generally accepted auditing standards and issued an unmodified (clean) audit opinion on the financial statements. This report provides a summary of the audit report to be used as a companion to the published Annual Comprehensive Financial Report. Also included are the Rosemead Housing Development Corporation Financial and Compliance Report, and other documents related to the financial audit. Recommendation: That the City Council receive and file the City of Rosemead Annual Comprehensive Financial Report, the Rosemead Housing Development Corporation Annual Financial Statements, and other related audit reports for fiscal year ended June 30, 2025. Staff Report