HomeMy WebLinkAboutItem 07 - Annual City Audit ITEM
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: APRIL 6, 2010
SUBJECT: FILING OF ANNUAL CITY AUDIT
RECOMMENDATION:
A representative from Pattillo, Brown & Hill, LLC, the City's auditing firm, will make a
presentation to the City Council filing the annual audit report in compliance with the City
Charter, Article 3, Section 3.14.
BACKGROUND:
The firm of Pattillo, Brown & Hill, LLC completed the audit of the City's FY 2009 financial
statements in compliance with the requirements of the City Charter,Article 3, Section 3.14.
The auditor's opinion fetter states that the financial statements of the City of Grapevine
present fairly the financial position of the City. The opinion rendered is an "unqualified
opinion", meaning there are no material exceptions found to the fairness criteria under
which the records were audited.
The management letter notes some recommendations relative to the procedures in
selected departments. These recommendations are being monitored more closely by the
related departments.
The report also includes an audit of Tax Increment Financing Districts One and Two. Also,
a single audit of all Federal Grant Awards is included in the Comprehensive Annual
Financial Report.
The auditor is filing his report with the City Council. No formal action on the part of the
Council is required.