DATE: May 20, 2026
TO: Council Budget and Finance Committee
FROM: Director of Finance
SUBJECT
FY 2025 Annual Audit Process (Oral Presentation by External Auditor)
RECOMMENDATION
That the Council Budget and Finance Committee (CBFC) receives an oral report about the FY 2025 annual audit process.
SUMMARY
The City of Hayward’s auditor Maze & Associates is compiling the audited financial statements for the fiscal year ended June 30, 2025 (FY 2025). The assigned Audit Partner will provide information about the audit process in general including required audit communications from Mayor and Councilmembers. While the audit is not yet complete, staff and the auditor believe this will be a productive discussion including time for CBFC members to ask questions or provide feedback.
The objective of the financial statement annual audit is to obtain reasonable assurance as to whether the City’s financial statements as a whole are free from material misstatement and includes the auditor’s opinion about whether the City’s financial statements are fairly presented in conformity with Generally Accepted Accounting Principles (GAAP).
ATTACHMENTS
None Oral Report