CITY OF LAGUNA NIGUEL TABLE OF CONTENTS YEAR ENDED JUNE 30, 2024 INTRODUCTORY SECTION (UNAUDITED) LETTER OF TRANSMITTAL I GFOA CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING XI ORGANIZATIONAL CHART XII ELECTED OFFICIALS AND MANAGEMENT STAFF XIII FINANCIAL SECTION INDEPENDENT AUDITORS’ REPORT 1 MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) 5 BASIC FINANCIAL STATEMENTS GOVERNMENT-WIDE FINANCIAL STATEMENTS STATEMENT OF NET POSITION 19 STATEMENT OF ACTIVITIES 21 FUND FINANCIAL STATEMENTS GOVERNMENTAL FUND FINANCIAL STATEMENTS BALANCE SHEET 26 RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE GOVERNMENT-WIDE STATEMENT OF NET POSITION 27 STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES 28 RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES 29 PROPRIETARY FUND FINANCIAL STATEMENTS STATEMENT OF NET POSITION 32 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 33 STATEMENT OF CASH FLOWS 34 NOTES TO BASIC FINANCIAL STATEMENTS 37 REQUIRED SUPPLEMENTARY INFORMATION (UNAUDITED) BUDGETARY COMPARISON SCHEDULES GENERAL FUND 74 MISCELLANEOUS GRANTS SPECIAL REVENUE FUND 75 NOTE TO REQUIRED SUPPLEMENTARY INFORMATION 76