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Rolling Hills Estates council receives audit showing modest surplus, no material weaknesses
Summary
Council received and filed the city's audited financial statements for the fiscal year ended June 30, 2024, which auditors issued an unmodified opinion on and which staff said shows a $400,000 operating surplus and small reserve increase.
The Rolling Hills Estates City Council on an unanimous voice vote received and filed the city's annual audited financial report for the fiscal year ended June 30, 2024. City staff said the report shows the city remains in positive financial condition and auditors issued an unmodified opinion.
City staff presenting the audit told the council the report is "the annual comprehensive financial report for last fiscal year" and that it is intended to show whether the city is in good financial condition. The presenter said government-wide…
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