Laguna Beach, CA
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ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR)
After the conclusion of the City's fiscal year on June 30 each year, the Finance Division completes closing entries and finalizes the City's financial records.
Independent auditors conduct an audit in accordance with Generally Accepted Accounting Principals (GAAP) to ensure legal and fiscal accountability to the public.
The City then prepares a Annual Comprehensive Financial Report (ACFR) which presents general information about the City's structure, services, and environment; audited basic financial statements; required supplemental information; statistical data on trends; and other information.
SINGLE AUDIT REPORT
The Office of Management and Budget (OMB) requires a single audit for non-federal entities that expend $750,000 or more in federal awards during the fiscal year. This threshold was increased from $750,000 to $1 million, effective for fiscal years beginning on or after October 1, 2024.
DEVELOPMENT IMPACT FEES REPORT
Government Code Section 66006 defines the specific reporting requirements for local agencies that impose development impact fees (DIF) on new development. The local agency shall annually make a report available to the public the specific information reported for each DIF. In addition, Government Code Section 66001 includes additional reporting requirements every five years.
SALES TAX The City's consultant, HdL Companies, provides quarterly information regarding the City's sales tax revenue.
City Financial Reports
- Master Fee Schedule
- Annual Comprehensive Financial Reports
- Audit Committee Reports
- Single Audit Reports
- Sales Tax
- Laguna Beach Public Financing Authority Financial Statements
- Development Impact Fee and Sewer Connection Fee Reports
2026-04 Outstanding Checks for Publication- 2026-04 Outstanding Checks for Publication
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