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City Council Regular Meeting
Meeting Date: 03/08/2022  

BACKGROUND
State law requires that local governments complete an annual audit by an independent licensed public accounting firm. This is the official Financial Statement - Fiscal Year 2020-21 Comprehensive Annual Financial Report (CAFR) for the City of Schertz as of September 30, 2021. These statemements show the financial performance and financial health of the CIty for the previous fiscal year. The presentation will be made by Paula Lowe, CPA, Audit Partner, of Patillo, Brown, and Hill, LLP. The Audit Committee consisting of Mayor Gutierrez, Councilmember Whittaker, Councilmember Heyward, City Manager Mark Browne, Assistant City Manager Brian James, Assistant City Manager Charles Kelm, Finance Director James Walters, and Assistant Finance Director Babett Martin met on February 22, 2022 to review the audit findings and financial statements as presented by the auditor, Paula Lowe, Audit Partner, of Patillo, Brown, and HIll, LLP.
GOAL
Inform City Council about the financial performance and health of the City.
COMMUNITY BENEFIT
The annual audit provides the community assurance this city is in good financial standing and operating in compliance with generally accepted accounting principles and governmental accounting standards.
SUMMARY OF RECOMMENDED ACTION
Approval of Resolution No. 22-R-31 accepting the FY 2020-21 CAFR.
FISCAL IMPACT
None
RECOMMENDATION
Staff recommends approval of Resolution No. 22-R-31 regarding the Fiscal Year 2020-21 Comprehensive Annual Financial Report.
Attachments
22-R-31
2020-21 CAFR Report
2020-21 Single Audit

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