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EDC audit finds clean opinion but flags untimely bank reconciliations
5766008 · September 5, 2025
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Summary
The Bandera Economic Development Corporation received an unqualified audit opinion for fiscal 2023–24, with auditors noting a material weakness for late or incomplete bank reconciliations and recommending year-end closing procedures.
The Bandera Economic Development Corporation received an unqualified audit opinion for fiscal year 2023–24, but auditors flagged a material weakness because bank reconciliations were not prepared timely and did not fully reconcile to the general ledger. Staff presented a written summary of the audit at the…
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