HomeMy WebLinkAboutItem 08 - AuditMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: MARCH 5, 2024
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 FY2023 financial statements in
compliance with the requirements of the City Charter, Article 3, Section
3.14. The auditors opinion letter states that the financial statement 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 and State Single Audit
report.
The auditor is filing the report with the City Council. No formal action on
the part of the Council is required.