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Council accepts towns 2024 financial report; consent agenda items 1—6 approved unanimously
Summary
After an auditor presentation that issued an unmodified opinion with no findings, the council accepted the Town of Flower Mounds 2024 annual comprehensive financial report and approved the consent agenda by unanimous votes.
The Flower Mound Town Council voted unanimously on March 17 to accept the towns annual comprehensive financial report for the fiscal year ended Sept. 30, 2024, after an audit presentation that reported a clean, unmodified opinion and no findings.
Why it matters: A clean audit demonstrates the towns financial statements were prepared in accordance with generally accepted accounting principles and that staff provided accurate records in support of that opinion. Council acceptance concludes the formal audit cycle for the prior fiscal year and supports transparency for bond, budget and policy discussions.
Key presentation points: Kevin Randolph, CPA and senior manager with audit firm EideBailey, told council the firm issued an unmodified (clean) opinion on the 2024 financial statements and…
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