Title
Consider a resolution accepting the City's Annual Comprehensive Financial Report for fiscal year October 1, 2020, to September 30, 2021.
Body
The Annual Comprehensive Financial Report (ACFR) is the City's financial statements that are 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 the fiscal year ending September 30, 2021.
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 2020/2021, is the fifth year for Whitley Penn, LLP, to audit the financial records of the City of Round Rock. The professional services agreement was awarded May 2017.
Staff will present a brief summary of the year end results and hard copy of the document at the meeting.
Guadalupe R. Garcia, CPA, Engagement Partner with Whitley Penn, LLP, will be present at the Council meeting to do a brief presentation and answer any questions from Council.