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Tax Increment Reinvestment Zone No. One |
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Agenda Request |
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Agenda Of: |
03-05-10 |
Agenda Request No: |
iv-a |
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Initiated By: |
Linda Symank Director of Fiscal Services |
Responsible Department: |
Fiscal Services |
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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): |
N/A |
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Subject / Proceeding: |
Audited Annual Financial Report and Auditors’ Opinion for Fiscal
Year Ended September 30, 2009 |
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Exhibits: |
Independent Auditors’ Report and Fund Based Financial Statements |
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Clearances |
Approval |
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Legal: |
N/A |
Director: |
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Purchasing: |
N/A |
Assistant City manager: |
N/A |
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Budget: |
N/A |
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Recommended Action |
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Review auditors’ opinion and Fund Based Financial Statements for fiscal year ended September 30, 2009. |
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Executive Summary |
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As required by state statute, an independent audit has been completed by the certified public accounting firm of Null Lairson, P.C. for the year ended September 30, 2009. Pursuant to Section 103.003 of the Texas Local Government Code, the annual financial statements including the auditors’ opinion must be filed with the City Secretary within 180 days after the last day of the fiscal year. The audit was reviewed with the Finance/Audit Committee and presented to the City Council and the City Secretary for filing on February 2, 2009. In accordance with the Governmental Accounting Standards Board (GASB), the City reports all funds for which it is financially accountable. TIRZ meets the criteria of a component unit and has been audited and included with the City’s Discretely Presented Component Units. |
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Exhibits |
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