Title
Consider a resolution accepting the City's Comprehensive Annual Financial Report for fiscal year October 1, 2019 to September 30, 2020.
Body
The Comprehensive Annual Financial Report (CAFR) is a document that is prepared annually in conjunction with the annual audit. The City’s independent auditors, Whitley Penn, LLP, have completed their independent audit of all City accounts for fiscal year 2019/2020.
The auditors rendered a “clean” opinion on the City’s financial statements, meaning they were able to obtain reasonable assurance that the financial statements are free of material misstatement. No material weaknesses in internal controls were noted.
Fiscal year 2019/2020, is the fourth year for Whitley Penn, LLP to audit the financial records of the City of Round Rock. The professional services agreement was awarded May 2017.
Guadalupe R. Garcia, CPA, engagement partner with Whitley Penn, LLP, will be present at the Council meeting to answer any questions from Council.