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Highland Village receives clean audit; general and utility funds report healthy reserves
Summary
External auditors presented the city's annual comprehensive financial report and single-audit results, reporting a clean opinion, healthy general and utility fund reserves, and no internal-control deficiencies; council accepted the report on the consent agenda.
Jacob, an external auditor who traveled from Waco to present the results, told the Highland Village City Council on March 25 that the city's annual comprehensive financial report and single-audit yielded a "clean opinion" and no internal-control deficiencies.
The audit presentation matters because independent audits test whether local governments follow generally accepted accounting principles and federal grant rules. Jacob said the firm confirmed cash directly with banks, reviewed internal controls and federal grant compliance, and found "no noncompliance, no issues or questioned costs" in its testing of American Rescue Plan Act (ARPA) expenditures.
Jacob highlighted a few…
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