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El Segundo receives fourth consecutive clean audit; council receives and files annual comprehensive financial report
Summary
City staff presented the FY2023‑24 Annual Comprehensive Financial Report (ACFR); auditors CLA issued an unmodified opinion, reported no material weaknesses or findings, and the council voted by consensus to receive and file the report.
El Segundo’s Finance Director Paul Chung presented the city’s Annual Comprehensive Financial Report (ACFR) for fiscal year ending June 30, 2024, on March 4 and reported the city received a clean audit opinion from CLA, its external auditors.
Chung summarized key figures from the ACFR: total assets (all funds) at about $109 million versus $96 million the prior year; the general fund ended the year at…
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