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INTRODUCTORY SECTION 7+,63$*(,17(17,21$//</()7%/$1. CITY OF MOORPARK CHRIS R. ENEGREN Mayor RENEE DELGADO Councilmember DANIEL GROFF Councilmember TOM MEANS Councilmember DR. ANTONIO CASTRO Councilmember FINANCE DEPARTMENT | 799 Moorpark Avenue, Moorpark, California 93021 December 16, 2022 Honorable Mayor, Members of the City Council, and Citizens of the City of Moorpark: It is our pleasure to present the Annual Comprehensive Financial Report (ACFR) of the City of Moorpark, California (the “City” or “Moorpark”) for the fiscal year ended June 30, 2022. State law requires all general-purpose local governments, within seven months of the close of each fiscal year, to publish a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) as promulgated by the Government Accounting Standards Board (GASB). The ACFR further includes disclosures designed to enable the reader to gain an understanding of the City’s financial matters. City management assumes full responsibility for the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal controls established for that purpose. Because the cost of internal control should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements. Lance, Soll & Lunghard LLP (LSL), Certified Public Accountants, have issued an unmodified opinion on the City’s financial statements for the fiscal year ended June 30, 2022. The Independent Auditor’s Report is located at the front of the financial section of this report. Management’s Discussion and Analysis (MD&A) immediately follows the Independent Auditor’s report and provides a narrative introduction, overview, and analysis of the basic financial statements. The MD&A section complements this Letter of Transmittal and should be read in conjunction with it. PROFILE OF THE CITY OF MOORPARK The City of Moorpark was incorporated in 1983 and is located in the southeastern part of Ventura County, approximately 50 miles northwest of Los Angeles. Moorpark is one of the first cities in the world to run off commercial nuclear power. The City is also recognized for having the lowest number of serious crimes committed in Ventura County and is among the safest cities of its size in the United States. SafeWise, a leading online security data resource, has ranked Moorpark as the third safest city in California for the past three consecutive years. Moorpark currently occupies 12.4 square miles and serves a population of approximately 35,399. Although Moorpark is one of the youngest cities in Ventura County, its rich heritage as an agricultural center and a major railroad hub of the Southern Pacific Railroad has left a legacy that positions Moorpark as a leading city for residents and businesses. For the past thirty years, Moorpark has been the fastest growing city in Ventura County. 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