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Pico Rivera receives FY 2023–24 comprehensive financial report and approves transfers and allocations
Summary
The City Council received and filed the FY 2023–24 Annual Comprehensive Financial Report, accepted the auditor’s clean opinion and approved staff recommendations to transfer funds and allocate remaining available general fund balance to several priorities, 5–0.
The Pico Rivera City Council voted 5–0 on Jan. 28 to receive and file the city’s Annual Comprehensive Financial Report for the fiscal year ending June 30, 2024, and to approve staff recommendations to address negative fund balances and allocate remaining unassigned general fund balance to near‑term priorities.
Jane (Jing) Guo, director of Administrative Services, presented the audited report, noting that the independent auditor CliftonLarsonAllen issued an unqualified (clean) opinion. Guo told the council that general fund operating revenues for FY 2023–24 were approximately $60,360,000 with transfers in of about $1,680,000; operating expenditures were…
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