HomeMy WebLinkAboutItem 10 - City AuditMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: APRIL 19, 2022
SUBJECT: FILING OF ANNUAL CITY AUDIT
RECOMMENDATION: Pattillo, Brown and Hill LLC, the City's auditing firm, will present the
annual audit report in compliance with the City Charter, Article 3, Section
3.14.
FUNDING SOURCE: This action will have no material effect on City funds.
BACKGROUND: Pattillo, Brown and Hill, LLC completed the audit of the City's FY2021
financial statements in compliance with the requirements of the City
Charter, Article 3, Section 3.14. The auditors opinion letter states that the
financial statements of the City of Grapevine present fairly the financial
position of the City. The opinion rendered is an "unmodified opinion",
meaning there are no material exceptions found to the fairness criteria
under which the records were audited. The report also includes a Federal
Single Audit Report.
The auditor is filing his report with the City Council. No formal action on
the part of the Council is required.