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<br />REQUEST FOR COUNCIL ACTION <br />Date: 5/11/2026 <br />Item No.: 7.a. <br />Department ApprovalCity Manager Approval <br />Item Description:Receive Annual Comprehensive Financial Report, Auditor Communication <br />Letter, and Reports on Compliance for Fiscal Year Ending December 31, 2025 <br />1 <br />2 Background <br />3 State Statute requires an annual presentation of the City’s year-end financial report by an independent <br />4 auditor. The purpose is to provide a forum for which an independent report can be made directly to <br />5 elected officials with regard to the City’s financial operations. <br />6 <br />7 Rebecca Petersen, from the firm of Redpath and Company, LLC will be present to provide an overview <br />8 of the Annual Reports, as well as the audit process and any required disclosures or findings. <br />9 <br />10 Staff will be available for any follow-up questions if necessary. <br />11 <br />12 Policy Objectives <br />13 The presentation of the annual report is required by State Statute. <br />14 <br />15 <br />16 Equity Impact Summary <br />17 There is no equity impact. <br />18 <br />19 Budget Implications <br />20 Not applicable. <br />21 <br />22 <br />23 Staff Recommendations <br />24 Staff recommends the Council formally accept the 2025 Annual Comprehensive Financial Report and <br />25 Audit Reports. <br />26 <br />27 Requested Council Action <br />28 Motion to accept the 2025 Annual Financial Reports. <br />29 <br />30 <br />Samuel Magureanu <br />Prepared by: <br />1.Roseville, City of - 2025 Final Issued Annual Comprehensive Financial Report (ACFR) - <br />Attachments: <br />Unlocked <br />2.Roseville, City of - 2025 Final Issued Governance Letter - Unlocked <br />3.Roseville, City of - 2025 Final Issued Internal Control Report - Unlocked <br />4.Roseville, City of - 2025 Final Issued Legal Compliance Report - Unlocked <br />5.ROSEVILLE, CITY OF- 25FG COUNCIL PRESENTATION <br />Page 1 of 2 <br />Qbhf!3!pg!371 <br /> <br />