TO: Chair and Members of the Audit Advisory Committee
THRU: Trang Nguyen, Finance Director
FROM: Andrea Pham, Assistant Finance Director
1. Subject
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Review of the City’s Annual Comprehensive Financial Report and Prop 218 as brought before the City Council (Continued from April 3, 2025).
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2. Recommended Action
recommendation
1. Discuss the results from the review of the City’s Annual Comprehensive Financial Report (ACFR), finalize the framework of the deliverable, and select two to three members to prepare the deliverable, and present the results at a City Council meeting; and
2. Discuss the scope, timeline, and responsibilities for Prop 218.
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3. Discussion and Background
At the April 3, 2025, Committee meeting, members discussed the scope, timeline, and responsibilities for the Annual Comprehensive Financial Report (ACFR). The Committee’s findings were tentatively scheduled to be presented to the City Council on June 10, 2025.
Over the last three weeks, committee members were paired up and assigned four to five years of ACFRs by the Finance Director for review. The committee completed the review on April 30th. Therefore, staff recommends the Committee discuss the results, finalize the framework for the deliverable, select two to three members to prepare the deliverable, and present the results at a regular City Council meeting.
4. ATTACHMENTS
• None.