To comply with the City Charter and Texas State Law, every year an independent audit is performed on the book of accounts, records and transactions of all the administrative departments of the City.  The independent external auditors also take a macro-perspective overview of the processes, procedures, and timeliness in place within the Division. The added benefit of these mechanisms include timely and accurate processes, procedures, and effective internal controls. Management is responsible for maintaining an effective system of internal controls over financial reporting to deliver accuracy, objectivity and transparency.   The independent external auditor forms an opinion on whether the financial statements are prepared, in all material respects, in accordance with Generally Accepted Accounting Principles (GAAP).  Since Component Units/Other are compiled and reported with the City's financial records, City management determined it was necessary to obtain a level of assurance over the financial information of those entities.  Zero audit findings in Component Units/Other will help to ensure that the City receives an unmodified (clean) opinion on the overall audit of the City.

Each material blended/discretely presented component unit (CU's) have separately audited financial statements.  These financial statements are obtained by the City's Financial Reporting Division and contained in the Fiscal Year End file of each annual audit.  For each separately audited CU, the independent external auditor also issues a report "Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards" where the audit findings can be located.

Number of Independent External Audit Findings.