4. FISCAL YEAR 2023-2024 AUDIT REPORTS The financial statement audit for the 2023-2024 fiscal year has been completed by Davis Farr LLP, which reflects an "unmodified", or clean opinion that the City's financial statements for the fiscal year are presented fairly. Davis Farr LLP discussed the results of the audit with the Audit Commission on January 23, 2025. The City's investment portfolio which includes investments in US Treasury bonds, agency securities, corporate bonds, and local government investment pools of California Asset Management Program (CAMP) and Local Agency Investment Fund (LAIF) have also been reviewed as part of the audit. - City of Tustin, CA

Meeting: Regular Meeting of the City Council/Closed Session-4:30 pm/Regular Meeting-6:00 pm

Meeting Time: February 18, 2025 at 6:00pm PST

Agenda Item

4. FISCAL YEAR 2023-2024 AUDIT REPORTS The financial statement audit for the 2023-2024 fiscal year has been completed by Davis Farr LLP, which reflects an "unmodified", or clean opinion that the City's financial statements for the fiscal year are presented fairly. Davis Farr LLP discussed the results of the audit with the Audit Commission on January 23, 2025. The City's investment portfolio which includes investments in US Treasury bonds, agency securities, corporate bonds, and local government investment pools of California Asset Management Program (CAMP) and Local Agency Investment Fund (LAIF) have also been reviewed as part of the audit.