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Rio Grande City accepts FY2024 financial audit showing higher fund balances
Summary
City commissioners accepted an unmodified (clean) audit for fiscal year 2024 showing an overall increase in general-fund and utility fund balances, and discussion noted interfund transfers and upcoming loan consideration with the Texas Water Development Board.
The Rio Grande City Commission unanimously accepted the city's fiscal year 2024 financial audit at its April 20 meeting.
The audit, presented in person by Raul Hernandez, CPA, concluded with an "unmodified" opinion — a clean audit — Hernandez told the commission: "The auditors opinion is unmodified, which translates into a clean opinion." The report showed the general fund ended the year with a fund balance of $5,645,893, an increase of about $1.23 million from the prior…
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