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Council receives FY 2023–24 audited financial statements; auditors issue clean opinion
Summary
Independent auditors issued an unmodified (clean) opinion on the City of Costa Mesa’s FY 2023–24 financial statements; council received the annual comprehensive financial report and staff outlined reserves, general fund performance and housing authority activity.
The City Council received the City of Costa Mesa’s audited financial statements for the fiscal year ended June 30, 2024, during the Feb. 18 meeting. Independent auditors (Davis Pharr) issued an unmodified, or “clean,” opinion on the city’s comprehensive annual financial report, staff said.
Finance Director Carrie Tai (presentation led by Director Molina and Finance Manager Anna) told council that the city reported $225 million in revenues and transfers in and $181.4 million in operating expenditures across all funds for FY…
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