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Council receives FY2024-25 financial report after clean audit
Summary
Finance Director Jason Jacobson presented the City—'s FY2024-25 Annual Comprehensive Financial Report and reported a clean, unmodified audit opinion with no material weaknesses; the council voted unanimously to receive and file the report after questions about sales tax trends and fund balances.
The Diamond Bar City Council unanimously voted Feb. 17 to receive and file the fiscal year 2024-25 Annual Comprehensive Financial Report (ACFR) following a staff presentation that reported an unmodified (clean) auditor opinion and no material weaknesses.
Finance Director Jason Jacobson told the council auditors found no fraud, waste or abuse and issued an unmodified opinion for both the financial statements and…
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