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HomeMy WebLinkAboutPR 24872 ACCEPTANCE AND APPROVAL OF FY2025 AUDIT ANS SINGLE AUDIT I City of urt rthu Texas www.PortArthurTx.gov INTEROFFICE MEMORANDUM Date: 3/27/2026 To: The Honorable Mayor and City Council Through: Ron Burton, City Manager From: Lynda Boswell, Director of Finance RE: PR No. 24872 Acceptance and Approval of FY2025 audit and Single Audit Introduction: Request acceptance and approval for the Patillo, Brown, and Hill, LLP Annual Comprehensive Financial Report and Single Audit for FY25, as required by the Texas Water Development Board (TWDB) for consideration of monies for utility projects. Background: The Texas Water Development Board requires that the governing body accepts and approves the FY25 audit 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 a prior resolution. Recommendation: The attached Proposed Resolution No. 24872 complies with the requirements of the TWDB of a complete Annual Comprehensive Financial Report for FY25. 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. 24872 4/21/2026 LYN 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, 2025, APPROVING THE ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE YEAR ENDING SEPTEMBER 30, 2025, AND APPROVING THE SINGLE AUDIT REPORT AS OF SEPTEMBER 30, 2025 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, 2025; and WHEREAS, Patillo, Brown & Hill, LLP, 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, 2025, 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, 2025, present fairly, in all material respects, the financial position of the City; and WHEREAS, Patillo, Brown & Hill, LLP, did not issue a management letter after its audit of the City's internal control over financial reporting as there were no material weaknesses or recommendations for strengthening control identified; and I WHEREAS, the City Council desires to accept the results of the audit, approve the City's Annual Comprehensive Financial Report for the fiscal year ending September 30, 2025, and approve the Single Audit Report as of September 30, 2025. 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, 2025, which is attached as Exhibit "A", and approves the Single Audit Report as of September 30, 2025, 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 day of April, A.D., 2026, at a Regular Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: AYES: Mayor: , Councilmembers: , NOES: • Charlotte M. Moses, Mayor ATTEST: Sherri Bellard City Secretary APPROVED FORM: Roxann Pais Cotroneo City Attorney APPROVED FOR ADMINISTRATION: Ronald urton, CPM City Manager Lynda Boswell, M.A., CGFO Director of Finance Exhibits A & B The Annual Comprehensive Financial Report and Single Audit for Fiscal Year 2025 will be handed out before or at the April 21, 2026 City Council Meeting.