A-2. 25-1594 CC:SA:HA:PA - ACTION ITEM: (1) Receipt and Filing of the Fiscal Year 2023-2024 Annual Comprehensive Financial Report (ACFR); (2) Receipt and Filing of the Fiscal Year 2023-2024 Popular Annual Financial Report (PAFR); (3) Receipt and Filing of the Fiscal Year 2024-2025 ACFR; (4) Receipt and Filing of Metro City of Culver City Annual Financial Report for Fiscal Years ended June 30, 2025 and 2024; (5) Receipt and Filing of Communication Letter from the City's Auditors, Lance, Soll and Lunghard LLP (LSL); (6) Receipt and Filing of LSL's Independent Auditor's Report on Internal Control Over Financial Reporting; (7) Receipt of Presentation from LSL; (8) Approval of a Professional Services Agreement with LSL Consulting & Advisory Department in an Amount Not-To-Exceed $50,000 to Assist with Establishing Best Practices; (9) Approval of an Amendment to the City's Existing Professional Services Agreement with LSL Assurance Department for Additional Audit Services for the Fiscal Year 2025-2026 Audit and the Transportation Department in an Amount Not-To-Exceed $50,000; and (10) Adoption of Resolution Amending City Council Policy 5002, Financial Policies to Establish a Requirement to Provide City Council with a Report on the ACFR by March 31 Each Year.