City Receives Positive External Audit Report on 2019 City Comprehensive Annual Financial Report

CORPUS CHRISTI, TX – Earlier today the Corpus Christi City Council Audit Committee received the audit report from Weaver and Tidwell, L.L.P., the City’s external auditor, with the results of the annual external audit on the City’s finances for the fiscal year that ended September 30, 2019 as reported in the  2019 Comprehensive Annual Financial Report (CAFR). The external auditors issued an unmodified opinion on the City’s financial reporting.  An unmodified opinion is the highest audit opinion that can be issued. 

“Each year the financial audit gets better and better,” said Greg Smith, District 4 Council Member and Audit Committee Chairperson. “This is the third year I’ve been associated with the audit committee and the financial audit. It is the best year yet,” added Smith.

The audit process is done in accordance with auditing standards (Generally Accepted Auditing Standards, Generally Accepted Government Auditing Standards), single audit (Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Texas Uniform Grant Management Standards), and compliance (laws, regulations, and grant agreements). 

“The City’s Financial Services team has worked diligently to implement solid internal control and monitoring procedures and worked closely with the external auditors to ensure taxpayer dollars are properly accounted for,” said Heather Hurlbert, Director of Financial Services. “Taxpayers can be assured the City financial policies and reporting are being reviewed internally by staff and externally by the City’s independent auditor,” added Hurlbert.

The 2019 Comprehensive Annual Financial Report can be found on the city website along with multiple financial reports at www.cctexas.com/financial-transparency.