AGENDA CAPTION:
Title
Receive the Annual Audit Report 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 ended September 30, 2023.
Body
Meeting date: March 19, 2024
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. Michael Del Toro, 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, 2023.
Council Committee, Board/Commission Action:
Finance & Audit Committee received the report and presentation from ABIP, P.C. on March 18, 2024.
Alternatives:
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Recommendation:
City Council receive the annual audit report for the year ended September 30, 2023.