Agenda

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10.

City Council Regular Meeting

Meeting Date:

02/28/2023

BACKGROUND

State law requires that local governments complete an annual audit by an independent licensed public accounting firm. This is the official Fiscal Year 2021-22 Annual Comprehensive Financial Report (ACFR) for the City of Schertz as of September 30, 2022. These statements show the financial performance and financial health of the City for the previous fiscal year. The presentation will be made by Travis Rogers, CPA, Senior Audit Associate, of Patillo, Brown, and Hill, LLP. The Audit Committee consisting of Mayor Gutierrez, Councilmember Heyward, City Manager Steve Williams, Assistant City Manager Sarah Gonzalez, Finance Director James Walters, and Assistant Finance Director Babett Martin met on February 13, 2023 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. 23-R-19 accepting the FY 2021-22 ACFR.

RECOMMENDATION

Staff recommends approval of Resolution No. 23-R-19 regarding the Fiscal Year 2021-22 Annual Comprehensive Financial Report.

Attachments
Resolution 23-R-19
2021-22 Annual Comprehensive Financial Report
Single Audit FY 2021-22
Required Communication