City accepts FY 20242025 audit with unmodified opinion and no findings

The Round Rock City Council voted to accept the city's comprehensive annual financial report for the fiscal year ending Sept. 30, 2025, after the external audit partner presented results that yielded an unmodified (clean) opinion and no material weaknesses.

Finance staff member Alana introduced the audit and turned the presentation to audit partner Patrick Simmons of Whitley Penn. Simmons told the council the engagement produced an "unmodified opinion, which is the highest level of assurance that can be given on a set of financial statements," and that the audit identified no internal control deficiencies, no material weaknesses and no material noncompliance. He also reported unmodified opinions on the federal single-audit major programs tested this year, the COPS Technology Grant and the Coronavirus State and Local Fiscal Recovery Grant.

"We are issuing an unmodified opinion ... That means it's a clean opinion, and the numbers can be relied upon," Simmons said. He noted implementation of GASB 101 (compensated absences) increased reported liabilities and flagged GASB 103 as an upcoming standard that may affect enterprise fund presentation.

Simmons walked the council through key report sections and noted that estimates in the statements appeared reasonable and that no material misstatements required correction. He invited questions and thanked the finance team for their cooperation.

Councilor Fleming moved to adopt the resolution accepting the comprehensive financial report and audit; Councilmember Ortega seconded. The council approved the resolution by roll-call vote with all members voting yes.

The audit acceptance means the city's financial statements and disclosures for FY 20242025 will stand as presented and that the city met its federal single-audit requirements for the major programs reviewed.