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Fiscal Year 2022-23 Annual Comprehensive Financial Report, Related Audit Reports, <br />and Measure X Agreed -Upon -Procedures Report <br />January 16, 2024 <br />Page 2 <br />(GASB). The City's independent public accounting firm, CLA, audits the financial <br />statements, reviews other financial items at the City's request, and issues reports. <br />The Accounting Division is pleased to report that the City received an unmodified <br />opinion commonly known as a clean opinion; which is considered the most favorable <br />conclusion for the audit. The unmodified opinion indicates that the City's financial <br />statements present fairly, in all material respects, the financial position of the City, <br />changes in financial position, and cash flows for the fiscal year ended June 30, 2023 <br />(Exhibit 1). <br />The ACFR for the fiscal year ended June 30, 2023 is posted and available on the City's <br />website (https://www.santa-ana.org/financial-reports) along with prior fiscal years. The <br />report was submitted to the Government Finance Officer Association's Certificates of <br />Achievement for Excellence in Financial Reporting Program. The award is the highest <br />form of recognition in governmental accounting and financial reporting. The City has <br />received this prestigious award for forty-five consecutive years. <br />In addition to the audit opinion, CLA issued the following communication letters: <br />Government Auditing Standards (GAS) Letter (Exhibit 2) <br />Auditor's communication of reportable conditions based on their review of the <br />City's internal controls over financial reporting and on compliance. The results of <br />their review disclosed no instances of noncompliance for the fiscal year 2022-23. <br />Governance Letter (Exhibit 3) <br />Formal communication from the auditor to the City Council, which discloses <br />information related to the audit, including but not limited to the City's accounting <br />practices and implementation of new accounting rules and estimates. <br />Audit of the City's Air Quality Management District (AQMD) Financial Statements <br />Exhibit 4 <br />Under Assembly Bill 2766 Chapter 1705 [California Health and Safety Code (CHSC) <br />Sections 44220 through 44247] cities and counties receiving the AB 2766 funds are <br />required to separately account for the revenue and to expend the revenue for air <br />pollution reduction measures. The AQMD audit report reflects the City's compliance to <br />such measures. <br />The Accounting Division is pleased to report that the City received an unmodified <br />opinion (clean) on the AQMD audit report and no compliance findings were noted. <br />