02/04/2019-CC-Agenda Packet-Work SessionV
SANGER
*'TEXAS
AGENDA
CITY COUNCIL
WORK SESSION
MONDAY, FEBRUARY 4, 2019
6:00 PM
502 ELM STREET
SANGER, TEXAS
1. Call Meeting to Order.
2. Overview of the Annual Financial Report and Related Audit by Brooks Watson & Co. for
the Fiscal Year Ending September 20, 2018.
3. Adjourn.
I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on the
City Website, and on the bulletin board, at the City Hall of the City of Sanger, Texas, a place
convenient and readily accessible to the general public at all times. Said notice was posted on
the following date and time: at M., and remained
posted continuously for at least 72 hours or to the scheduled time of said meeting and shall
remain posted until meeting is adjourned.,.,,.,'*"'
1,'r c`• 3f,
Cheryl ,City Secretary
City of Sanger, Texas
This facility is wheelchair accessible and acAYsjjA �11 Aing spaces are available. Requests for
accommodations or interpretive services must be made 48 hours prior to this meeting. Please contact
the City Secretary's office at (940) 458-7930 for further information
BANGER
*TEXAS COUNCIL AGENDA ITEM
AGENDA TYPE ® Regular ❑ Special ❑ Consent Reviewed by Finance
® Work Session ❑ Executive ❑ Public Reviewed by Legal
Hearin
® Yes
❑ Not Applicable
❑ Yes
® Not Applicable
COUNCIL MEETING DATE: SUBMITTED BY:
February 4, 2019 Finance Director, Clayton Gray
City Manager Reviewed/Approval Initials Date
ACTION REQUESTED: ❑ORDINANCE ❑ RESOLUTION ® APPROVAL
❑ CHANGE ORDER ❑ AGREEMENT ❑ APPROVAL OF BID ❑ AWARD OF CONTRACT
❑ CONSENSUS ❑ REAPPOINTMENTS ❑ OTHER EXPLAIN:
AGENDA CAPTION
Overview of the Annual Financial Report and Related Audit by Brooks Watson & Co. for the Fiscal Year Ending
September 30, 2018.
FINANCIAL SUMMARY
®N/A ❑GRANT FUNDS ❑OPERATING EXPENSE ❑REVENUE ❑CIP ❑BUDGETED ❑
NON -BUDGETED
PRIOR
CURRENT
FUTURE
FISCAL YEAR:
YEAR
YEAR
YEAR(S)
TOTALS
Proposed Expenditure Amount
Encumbered Amount
BALANCE
FUND(S) TO BE USED: General ❑$ Utility ® $ Special ❑ $
BACKGROUND/SUMMARY OF ITEM
The City is required under the Texas Local Government Code and City Charter to have an audit of its financial
statements each year. This audit must be conducted by an independent Certified Public Accountant. The audit
was performed by Brooks Watson & Company.
The annual audit was conducted in accordance with governmental accounting standards and fulfills the
requirements set in state law. The audit resulted in an unmodified ("clean") opinion indicating that the financial
statements are presented fairly, in all material aspects, in accordance with generally accepted financial
principles.
STAFF OPTIONS & RECOMMENDATION
Staff recommends that City Council accept the annual audit for the Fiscal Year ended September 30, 2019.
List of Supporting Documents/Exhibits Attached:
Prior Action/Review by Council, Boards, Commissions or
• Annual Financial Report
Other Agencies:
(FOR ATTACHMENT - SEE CITY
COUNCIL REGULAR MEETING
AGENDA ITEM #5)