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Palos Verdes Estates receives clean FY2025 audit; city moves to bolster finance staffing
Summary
Auditors presented a clean (unmodified) opinion for the city’s FY2025 financial statements, commended improvements in internal controls and timely reporting, and council directed staff to pursue recruitment for a finance director to sustain progress.
LSL auditors presented Palos Verdes Estates’ audited financial statements for fiscal year 2025 on Jan. 14 and issued a clean (unmodified) opinion. Auditor representatives credited the finance team and outside consultants for completing the audit on time and for remediation of prior deficiencies, noting the year‑end close and audit procedures were completed earlier than in prior years.
Noah Dani…
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