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Terrell council authorizes RFQ for independent compliance audit of Q1–Q2 finances, approves up to $75,000
Summary
The Terrell City Council voted 4–1 to issue a request for qualifications to hire an independent firm to perform a compliance audit of the city’s first two fiscal quarters of FY25, following a Texas Municipal League review and the replacement of the city’s finance director.
The Terrell City Council on March 31 approved issuing a request for qualifications to hire an independent firm to perform a compliance audit of the city’s financial activity for the first two quarters of fiscal year 2025, with an estimated cost not to exceed $75,000.
The vote followed a presentation by City Manager Mike Sims describing steps already taken after a Texas Municipal League (TML) financial review, including placing the previous finance director on administrative leave, hiring an interim finance director, and immediate changes to purchasing-card procedures. Sims said the RFQ would aim to produce a consolidated set of third-party financial statements for the period ending March 31, 2025.
Sims said the TML team worked on-site March 5–8 and the city received that report on March 4; the city manager briefed council and posted the TML report online in early March. "We're not…
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