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Tax Increment Reinvestment Zone No. One |
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Agenda Request |
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Agenda Of: |
April 4, 2008 |
Agenda Request No: |
III A |
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Initiated By: |
Linda Symank Director of Fiscal Services |
Responsible Department: |
Accounting |
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Presented By: |
Linda Symank Director of Fiscal Services |
Department Head: |
Linda Symank Director of Fiscal Services |
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Additional Department. Head (s): |
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Subject / Proceeding: |
Presentation of Fiscal Year 2007 Audited Financial
Statements and Auditor’s opinion |
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Exhibits: |
The Auditors’ opinion on the City of Sugar Land’s Basic Financial
Statements for Fiscal Year Ended September 30, 2007, which includes the Tax
Reinvestment Zone #1. Copies of financial statements relating to the TIRZ. |
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Clearances |
Approval |
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Legal: |
N/A |
Executive Director: |
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Recommended Action |
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Receive and hear presentation of the financial statements for the year ended September 30, 2007 and the independent auditors’ opinion thereon. |
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Executive Summary |
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As required by state statue and the by-laws of the Sugar Land TIRZ #1, an independent audit has been made of the City’s annual financial statements, which includes the Sugar Land TIRZ #1 as a component unit. The audit was performed by the certified public accounting firm of Null-Lairson, P.C. The report and auditors’ opinion have been prepared and were filed with the City Council and City Secretary on February 19, 2008. The Council Finance/Audit Committee received an overview of the statements on February 14, 2008. The segments for the City’s Component Units, which include the Sugar Land TIRZ #1, are hereby presented to the Corporation Board. |
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Exhibits |
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