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Pico Rivera council accepts FY2024–25 financial report, authorizes $428,020 transfer
Summary
Council received the city's audited FY2024–25 annual comprehensive financial report (clean opinion), approved a $428,020 transfer to cover a negative liability-claims fund balance, and acknowledged revenue growth tied to Measure AB.
The Pico Rivera City Council on Dec. 9 received and filed the city's audited Annual Comprehensive Financial Report for the fiscal year ending June 30, 2025, and authorized a $428,020 transfer to cover a negative fund balance in the liability-claims fund.
Jing Guo, Director of Administrative Services, told the council the report was audited by CliftonLarsonAllen and received an unqualified…
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