DATE:
April 21, 2026
TO:
Mayor and Council Members
Chair and Commission, Community Development Commission
Chair and Board Members, Hesperia Housing Authority
Chair and Board Members, Hesperia Water District
Chair and Board Members, Hesperia Fire Protection District FROM:
Rachel Molina, City Manager
BY:
Casey Brooksher, Assistant City Manager
Keith Cheong, Deputy Finance Director
SUBJECT:
Audited Financial Statements for Fiscal Year Ended June 30, 2025
RECOMMENDED ACTION
It is recommended that the City Council, Community Development Commission, Hesperia Housing Authority Board, Hesperia Water District Board, and Hesperia Fire Protection District Board receive and file the audited Financial Statements for the Fiscal Year Ended June 30, 2025.
BACKGROUND
City governments that receive Federal funding in excess of $750,000 in a fiscal year are required by Federal law (Office of Management and Budget [OMB] Circular A-133) to be audited. In addition, the bond documents for the City’s debt require annual audits of the City’s financial transactions.
ISSUES/ANALYSIS
The City’s independent auditor, CliftonLarsonAllen LLP (CLA) performed the audit for Fiscal Year 2024-25.
The documents that comprise the Financial Statements, commonly referred to as the Audit for the City, are as follows:
City of Hesperia–Annual Comprehensive Financial Report – June 30, 2025 Single Audit of Federally Assisted Grant Programs – June 30, 2025 Community Development Commission–Component Unit Financial Statements – June 30, 2025 Hesperia Housing Authority–Component Unit Financial Statements – June 30, 2025 Hesperia Water District–Component Unit Financial Statements – June 30, 2025 Hesperia Fire Protection District–Component Unit Financial Statements – June 30, 2025 The Hesperia Housing Authority Component Unit Financial Statement was distributed on December 16, 2025 in compliance with State requirements. The Annual Comprehensive Financial Report (ACFR) was distributed on January 8, 2026, and the remaining Component Unit Financial Statements were provided to the Council on February 26, 2026. Finally, the Single Audit of Federally Assisted Grant Programs was distributed on March 31, 2026. Public copies of all the above-referenced documents are available in the City Clerk’s Office and have been posted on the City’s website.
As a matter of information, the City was awarded the Certificate of Achievement for Outstanding Financial Reporting for Fiscal Year 2023-24 by the Government Finance Officers’ Association (GFOA). That was the twenty-third consecutive year the City has earned this prestigious award.
CITY GOAL SUPPORTED BY THIS ITEM
Financial Health - Maintain a balanced budget and adequate reserves.
FISCAL IMPACT
None
ALTERNATIVE(S)
Provide alternative direction to staff.
ATTACHMENT(S)
The reports listed below were previously submitted to the Council (#1 on January 8, 2026, #2, #4, and #5 on February 26, 2026, #3 on December 16, 2025, and #6 on March 31, 2026). Public copies are available in the City Clerk’s Office and have been posted on the City’s website:
June 30, 2025 Annual Comprehensive Financial Report
June 30, 2025 Component Unit Financial Statements for the Community Development Commission June 30, 2025 Component Unit Financial Statements for the Hesperia Housing Authority June 30, 2025 Component Unit Financial Statements for the Hesperia Water District June 30, 2025 Component Unit Financial Statements for the Hesperia Fire Protection District June 30, 2026 Single Audit of Federally Assisted Grant Programs City of Hesperia STAFF REPORT City of Hesperia STAFF REPORT City of Hesperia
STAFF REPORT
City of Hesperia
STAFF REPORT
Staff Report to the Mayor and City Council
Audited Financial Statements for Fiscal Year Ended June 30, 2025 April 21, 2026