Independent Auditor's Report — FY2025 Financial Statements

CITY OF RIVERTON · CALIFORNIA Finance Department Audit Report FY2025 · December 12, 2025 Independent Auditor's Report — FY2025 Financial Statements To the Honorable Mayor and Members of the City Council, City of Riverton: Opinion We have audited the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of Riverton as of and for the year ended June 30, 2025. In our opinion, the financial statements present fairly, in all material respects, the respective financial position of the City, in accordance with accounting principles generally accepted in the United States of America. This is an unmodified (clean) opinion. General Fund at a glance Budget Actual Variance Revenues $64,360,000 $66,283,000 $1,923,000 Expenditures $64,500,000 $63,212,000 $1,288,000 Net change in fund balance $-140,000 $3,071,000 $3,211,000 Unassigned fund balance, June 30, 2025 $14,620,000 Management letter finding 2025-01 (not a material weakness) Capital asset additions for two completed projects were recorded after year end. Recommendation: Public Works should notify Finance within 30 days of project acceptance. Management response: a project-closeout checklist was adopted in October 2025. Morales & Tan LLP Certified Public Accountants Hannah Cole Finance Director (received) City of Riverton · Audit Report FY2025 Page 1 of 1 Synthetic demonstration record. The City of Riverton is fictional.