AGENDA CAPTION:
Title
Receive the Annual Audit Report, filed with the City Clerk’s Office on March 25, 2026 and highlights from the City’s audit firm ABIP, P.C. on the City of San Marcos’ Annual Comprehensive Financial Report (ACFR) for the Fiscal Year ending September 30, 2025.
Body
Meeting date: March 31, 2026
Department: Finance
Amount & Source of Funding
Funds Required: N / A
Account Number: Click or tap here to enter text.
Funds Available: N / A
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: Click or tap here to enter text.
City Council Strategic Initiative: [Please select from the dropdown menu below]
N/A
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
☐ Economic Development - Choose an item.
☐ Environment & Resource Protection - Choose an item.
☐ Land Use - Choose an item.
☐ Neighborhoods & Housing - Choose an item.
☐ Parks, Public Spaces & Facilities - Choose an item.
☐ Transportation - Choose an item.
☐ Core Services
☒ Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
The audit of the City’s annual financial statements has been completed by ABIP, P.C. Jeremy Barbatto, CPA partner with the firm, will be available to discuss the results of the audit and the City’s financial position as of September 30, 2025.
Council Committee, Board/Commission Action:
Finance & Audit Committee received the report and presentation from ABIP, P.C. on March 25, 2026.
Alternatives:
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Recommendation:
City Council receive the annual audit report for the year ended September 30, 2025.