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CONSENT CALENDAR
City of San Bernardino
Request for Council Action
Date: May 1, 2024
To: Honorable Mayor and City Council Members
From: Miguel Guerrero, General Manager
Department: Water
Subject: Receive and File San Bernardino Municipal Water Department’s Audited Annual Comprehensive
Financial Report for Fiscal Year Ended June 30, 2023
(All Wards)
Recommendation
It is recommended that the Mayor and City Council of the City of San Bernardino, California, receive and file the San Bernardino Municipal Water Department’s audited Annual Comprehensive Financial Report for water and sewer utilities for Fiscal Year ended June 30, 2023.
Executive Summary
The purpose of this report is to present the City of San Bernardino's Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2023, to the Mayor and City Council.
Background
Section 603(e) of the City of San Bernardino Charter requires that the Water Board provide for an “annual, independent audit of all water and wastewater accounts” and that “copies of all auditors’ reports shall be filed with the City Clerk and Council.” The audit firm of Lance, Soll & Lunghard, LLP completed the Water Department’s annual audit and produced the attached Annual Comprehensive Financial Report (ACFR) for Fiscal Year ended June 30, 2023. This report includes the financial statements, the Independent Auditor’s Report, Management’s Discussion and Analysis, as well as a statistical section containing historical information and data. The ACFR was presented to the City Water Board at its February 27, 2024, regular meeting, and it was approved unanimously.
For the seventh straight year, the Water Department received the Government Finance 1 9
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Officers Association Certificate of Achievement for Excellence in Financial Report for its Fiscal Year 2021/2022 ACFR. The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment for the Water Department. 2021-2025 Strategic Targets and Goals
This item aligns with the adopted 2021-2025 Key Strategic Targets and Goals, specifically Target 1: Financial Stability. The information in these reports is useful to the City Water Board in making operational and financial decisions to meet the Water Department’s goals and objectives.
Fiscal Impact
None
Conclusion
It is recommended that the Mayor and City Council of the City of San Bernardino, California, receive and file the San Bernardino Municipal Water Department’s audited Annual Comprehensive Financial Report for Fiscal Year ended June 30, 2023.
Attachments
Attachment 1 – Annual Comprehensive Financial Report for Fiscal Year Ended June 30, 2023.
Ward:
All Wards
Synopsis of Previous Council Actions:
None