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Rolling Hills Estates council receives clean audit; staff reports $3.6 million in unrestricted net position
Summary
City staff presented audited financial statements for the year ended June 30, 2025; auditors issued an unmodified opinion and the council voted to receive and file the report. Staff noted roughly $3.6 million in unrestricted net position and capital grants (including FEMA) that improved the city’s government-wide position.
City staff presented the City of Rolling Hills Estates’ audited financial statements for the fiscal year ended June 30, 2025, and the council voted to receive and file the report.
The city’s presenter, Robert Samario, said the report shows the city’s "Unrestricted net position of $3,600,000." He told the council the positive government-wide result was helped by capital contributions, including federal funding for underground and utility projects: "we received about 1.4, almost $1,500,000 from the federal government toward our underground and utility projects," he…
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