City of Laguna Niguel Popular Annual Financial Report | Year Ended June 30, 2024 INTRODUCTION To the Citizens of Laguna Niguel: Welcome to the City of Laguna Niguel’s first Popular Annual Financial Report (PAFR). The PAFR is intended to provide residents and stakeholders of Laguna Niguel with information in an easy-to- read format, simplifying complex financial data and using less technical language. This report contains condensed and simplified financial information from audited results contained in the City’s Annual Comprehensive Financial Report (ACFR) for the year ended June 30, 2024. The PAFR provides an overview of the City’s financial condition and brief descriptions of other areas of interest. We hope you enjoy reading the City’s PAFR and find its contents helpful and interesting. For more information on the City’s various financial reports or other financial information, please visit the Finance Department page on the City of Laguna Niguel website at www.cityoflagunaniguel.org. cityoflagunaniguel.org 02