HomeMy WebLinkAboutItem 07 - AuditMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: MARCH 21, 2023
SUBJECT: FILING OF ANNUAL AUDIT
RECOMMENDATION: FORVIS, LLC, the City's auditing firm will present the annual 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: FORVIS, LLC completed the audit of the City's Fiscal Year 2022 financial
statements in compliance with 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 auditor is filing the report with the City Council. No formal action on
the part of the Council is required.