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HomeMy WebLinkAboutPR 24415: ACCEPTANCE AND APPROVAL OF FY 2024 AUDIT AND SINGLE AUDIT City of or-t rtur Texas www.PortArthurTx.gov INTEROFFICE MEMORANDUM Date: June 25,2025 To: The Honorable Mayor and City Council Through: Ron Burton, City Manager From: Lynda Boswell, Director of Finance RE: PR No. 24415 Acceptance and Approval of FY2024 audit and Single Audit Introduction: Request acceptance and approval for the Pattillo,Brown and Hill, LLP substantial audit and single audit for FY 24, as required by the TWDB for consideration of monies for utility projects. Background: The Texas Water Development Board requires that the governing body accepts and approves the FY24 audit by June 30, 2024 in a substantially final form to include the auditor opinion, which is not required to be signed for these purposes. Budget Impact: There is no budget impact as the contract for auditing services has been approved in prior resolutions. Recommendation: The attached Proposed Resolution No. 24415 complies with the requirements of the TWDB of a substantially complete audit for FY24. We recommend that the City Council approve it as presented. "Remember,we are here to serve the Citizens of Port Arthur" P.O.Box 1089 X Port Arthur,Texas 77641-1089 X 409.983.8101 X FAX 409.982.6743 P.R. No. 24415 06/24/2025 gt/Ib RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT ARTHUR, TEXAS, ACCEPTING THE ANNUAL AUDIT FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2024, APPROVING THE ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE YEAR ENDING SEPTEMBER 30, 2024, AND APPROVING THE SINGLE AUDIT REPORT AS OF SEPTEMBER 30, 2024 WHEREAS, on an annual basis, the City of Port Arthur ("City") conducts an audit of the City's basic financial statements through an independent accounting firm; and WHEREAS, the City retained Patillo, Brown & Hill, LLP of Waco, Texas, to conduct a financial audit of the City of Port Arthur for the fiscal year ending September 30, 2024; and WHEREAS, Patillo, Brown & Hill, LLP, substantially completed said financial audit; and WHEREAS, the financial audit included a review of the City's Annual Comprehensive Financial Report for the fiscal year ending September 30, 2024, and an evaluation of the City's internal control over financial reporting; and WHEREAS, Patillo, Brown & Hill, LLP, found the City's representations and financial statements in the Annual Comprehensive Financial Report for the year ending September 30, 2024, present fairly, in all material respects, the financial position of the City; and WHEREAS, Patillo, Brown & Hill, LLP, issued an unsigned auditor opinion; and s.pr24415 WHEREAS, the City Council desires to accept the results of the substantial audit, approve the City's Annual Comprehensive Financial Report for the fiscal year ending September 30, 2024, and approve the Single Audit Report as of September 30, 2024. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR, TEXAS: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the City Council hereby accepts the results of the audit performed by Patillo, Brown & Hill, LLP, approves the City's Annual Comprehensive Financial Report for the fiscal year ending September 30, 2024, which is attached as Exhibit "A", and approves the Single Audit Report as of September 30, 2024, which is attached as Exhibit "B". Section 3. That a copy of the caption of this Resolution be spread upon the Minutes of the City Council. READ, ADOPTED AND APPROVED on this 30th day of June, A.D., 2025, at a Special Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor: Councilmembers: , NOES: . s.pr24415 Charlotte M. Moses, Mayor ATTEST: Sherri Bellard City Secretary APPROVED AS TO FORM: Roxann Pais Cotroneo City Attorney APPR• ' F. R ADMINISTRATION: Ofik ek\r*._ Ronald , CPM Ci. .nager Lynda Boswell, Director of Finance s.pr24415 EXHIBIT "A" WILL BE PRESENTED AT THE MEETING s.pr24415 EXHIBIT"B" WILL BE PRESENTED AT THE MEETING s.pr24415