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City receives clean annual audit; Deloitte closes CDBG‑DR after decade‑long program
Summary
External auditors issued an unmodified opinion on the city’s FY2024 financial statements; Deloitte presented a final closeout and risk assessment for the Community Development Block Grant—Disaster Recovery (CDBG‑DR) program and noted most audit observations had been resolved.
SAN MARCOS, Texas — San Marcos received a clean, unmodified audit opinion for its fiscal year ending Sept. 30, 2024, and Deloitte presented final internal audit and closeout work on the city’s Community Development Block Grant—Disaster Recovery (CDBG‑DR) program.
Annual audit: Jeremy Barbato of ABIPP delivered highlights from the FY2024 annual comprehensive financial report. The independent audit firm issued an unmodified (clean) opinion on the city’s government‑wide financial statements and major funds. John Locke, the city’s finance director, told council the general fund’s total fund balance was about $43.8 million at year end, with $17.8 million unassigned — roughly two and a…
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