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a) Prepare and mail proposed rate adjustment notices to all Santa Ana property <br />owners in compliance with Proposition 218 requirements; <br />b) Schedule a public hearing at a future City Council meeting, on or after March 17, <br />2026; <br />c) Prepare all other documents required to proceed with water and sewer rate <br />adjustments. <br />9. Fiscal Year 2024-25 General Fund Results <br />Department(s): Finance and Management Services <br />Recommended Action: Receive and file this informational report. <br />10. Fiscal Year 2024-25 Annual Comprehensive Financial Report, Related Audit Reports, <br />and Measure X Agreed -Upon -Procedures Report <br />Department(s): Finance and Management Services <br />Recommended Action: <br />Receive and file the following audited and separately issued reports for the Fiscal <br />Year Ended June 30, 2025: <br />1. The Auditor's unmodified "clean" opinion letter for the fiscal year 2024-25 Audited <br />Financial Statements included in the Annual Comprehensive Financial Report (ACFR) <br />2. Government Auditing Standards (GAS) Letter <br />3. Governance Letter <br />4. Air Quality Management District (AQMD) Audited Financial Statements <br />5. The Auditor's report on the Appropriations Limit (GANN Limit) <br />6. The Auditor's report on compliance with the Statement of Investment Policy <br />7. Measure X Agreed -Upon -Procedures Report <br />11. Purchase Order Contracts to Bilan J Investment, Bright Event Rentals, and Cosmos <br />Event Rentals for Event Equipment Rental Services (Specification No. 25-123) <br />(General Fund & Non -General Fund) <br />Department(s): Finance and Management Services <br />Recommended Action: Award Aggregate Purchase Order Contracts to vendors <br />listed below for event equipment rental services on an as -needed basis, in a total <br />aggregate amount not to exceed $145,000 for a one-year term beginning January 20, <br />2026 through January 19, 2027, with provisions for four one-year renewal options for a <br />total aggregate amount not to exceed $725,000 over a five-year period. <br />Vendor <br />Location <br />Bilan J Investment <br />Tukwila, WA <br />Bright Event Rentals <br />Los Angeles, CA <br />Cosmos Event Rentals <br />Anaheim, CA <br />City Council 9 1/20/2026 <br />