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Consider a resolution accepting the City’s Annual Comprehensive Financial Report for fiscal year October 1, 2021, to September 30, 2022.
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Consider a resolution accepting the City’s Annual Comprehensive Financial Report for fiscal year October 1, 2021, to September 30, 2022.
The Annual Comprehensive Financial Report (ACFR) 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 2021/2022.
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 2021/2022, is the sixth 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.
Staff recommends approval.