City Council

NB 2. Fiscal Year 2024/25 Financial Audit Recommendation(s): Receive audited annual financial report for the City of Lancaster, CA, Fiscal Year ending June 30, 2025. The City of Lancaster has recently completed its annual financial audit for the fiscal year ending June 30, 2025. The audit was completed by CliftonLarsonAllen LLP (CLA). The audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. These procedures include a review of internal controls, testing of transactions, and review of the financial statements for the auditors to express an opinion on the financial statements. Based on the audit, CLA expressed that the financial statements as of June 30, 2025, present fairly, in all material respects, the financial position of the City of Lancaster. In addition to the financial statements, the auditors issued an Audit Communication Letter and a Government Auditing Standards Letter. COUNCIL REPORTS