Title
Consider a memorandum/resolution accepting the annual audit report for the fiscal year ended September 30, 2025.
Body
DATE: March 24, 2026
TO: Kent Cagle, City Manager
FROM: Judith Tangalin, Executive Director of Finance
SUBJECT: FY 2025 Annual Audit
BACKGROUND AND FINDINGS:
The City Council previously approved the engagement of Pattillo, Brown, & Hill, LLP to perform the independent audit of the City's financial records for the fiscal year ended September 30, 2025.
Pattillo, Brown, & Hill, LLP has completed the audit of the City of Killeen, including the Federal Single Audit and Passenger Facility Charge (PFC) audit. Representatives from the firm will present the results to the City Council.
The audits were performed in accordance with generally accepted auditing standards (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, as well as the provisions of the Single Audit Act Amendments of 1996 and the U.S. Office of Management and Budget's Uniform Guidance.
The audit provides reasonable assurance that the financial statements of the City of Killeen for the fiscal year ended September 30, 2025, are free from material misstatement. The audit report was prepared in conformity with generally accepted accounting principles (GAAP) as established by the Governmental Accounting Standards Board.
THE ALTERNATIVES CONSIDERED:
N/A
Which alternative is recommended? Why?
N/A
CONFORMITY TO CITY POLICY:
Conforms to City Charter, Article III, Section 40 and the Financial Governance Policy VII.C External Audit
FINANCIAL IMPACT:
What is the amount of the revenue/expenditure in the current fiscal year? For future years?
N/A
Is this a one-time or recurring revenue/expenditure?
N/A
Is this revenue/expenditure budgeted?
N/A
If not, where will the money come from?
N/A
Is there a sufficient amount in the budgeted line-item for this revenue/expendi...
Click here for full text