Summary Sheet- RFCA SUMMARY

CITY OF TEMPE
Meeting Date: 2/5/2026  
REQUEST FOR COUNCIL ACTION
Agenda Item: 8A2
ACTION:  Approve the fiscal year 2024/25 financial reporting package and audit reports submitted by 
the City's external auditors, Heinfeld, Meech & Co., P.C.
FISCAL IMPACT:  There is no fiscal impact on City funds.
RECOMMENDATION:  Hear the presentation provided by Heinfeld, Meech & Co., P.C., and approve 
the FY 2024/25 financial reporting package.
 
BACKGROUND INFORMATION:  Tempe City Charter Article V, Section 5.10 requires the Council 
to designate the certified public accountants (CPAs) to perform an independent audit of the City's annual 
financial statements. 
Arizona State Statutes requires Council approval and compliance with the related statutes and that the 
CPA performing the financial audit present the results and any findings to the governing body during a 
regular meeting and not on the consent agenda within ninety days after completion of the audit. 
The City contracted with Heinfeld, Meech & Co., P.C. (Heinfeld) to perform the FY 2024/25 audit and 
prepare the following reports: Annual Comprehensive Financial Report; Single Audit; Independent 
Accountant’s Report on highway user revenue fund activities; Annual Expenditure Limitation Report; 
Housing Assistance Fund Financial Statements; and the Report on Applying Agreed-Upon Procedures 
Biennial Certification of Land Use Assumptions, Infrastructure Improvement Plan and Development 
Impact Fees (issued biannually). 
To report the City’s financial activities and financial position in each of its funds, the City prepares the 
Annual Comprehensive Financial Report, which includes the Independent Auditor’s Report. This report 
opines on whether the City’s applicable financial statements “present fairly, in all material respects, the 
respective financial position of the governmental activities, the business-type activities, each major fund, 
the budgetary comparisons for the General Fund and the Transit Special Revenue Fund and the 
aggregate remaining fund information.” For the FY 2024/25 Annual Comprehensive Financial Report, 
the City received an unmodified (“clean”) opinion. 
For the City to meet its federal funding requirements, the CPA firm also reports on the City's 
expenditures of federal awards (called a "Single Audit Report”). Further, to meet certain state funding 
requirements, the CPA firm reports on the City's compliance with its Highway User Revenue Fund 
(HURF) activities. Subsequently, the CPA firm will also issue the state-mandated Annual Expenditure 
Limitation Report and the Housing Assistance Fund Report for the City's Housing Assistance Fund. 
Heinfeld presented the FY 2024/25 audit results at the January 22, 2026, Audit Committee meeting.
ATTACHMENTS:    

TEMPE CITY COUNCIL PRESENTATION FY 2025 AUDIT.PDF

3_COUNCIL_PRESENTATION_ACFR_MEMO.PDF

4_CITY OF TEMPE COMMUNICATION TO GOVERNANCE FY25.PDF

5_ENGAGEMENT_LTR_FY25.PDF

2

6_CITY OF TEMPE GENERAL REP LETTER 25 SIGNED-CERTIFICATE.PDF

7_CITY OF TEMPE (ACFR) 2025.PDF

8_CITY OF TEMPE AUDITOR'S REPORT FY25.PDF

9_CITY OF TEMPE HURF REPORT FY25.PDF
STAFF CONTACT(S):  Ann Fang, City Controller, (480) 350-8256
Department Director:  Laura Calder, Financial Services Director  
Legal review by:  Dave Park, Senior Assistant City Attorney
Prepared by:  Alex Chin, Accounting Analyst