HomeMy WebLinkAboutItem 06 - Audit ReportMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: MARCH 4, 2025
SUBJECT: FILING OF ANNUALAUDIT
RECOMMENDATION: Forvis Mazars, 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: Forvis Mazars, LLC completed the audit of the FY2024 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 presents 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 the report with the City Council. No formal action on
the part of the Council is required.