State law requires that local governments complete an annual audit by and independent licensed public accounting firm. This is the official Financial Statement - Fiscal Year 2018-19 Comprehensive Annual Financial Report (CAFR) for the City of Schertz as of September 30, 2019. These statements who the financial performance and financial health of the City for the previous fiscal year. The presentation will be made by Paula Lowe, CPA, Audit Partner of Patillo, Brown and Hill, LLP who is light of the current siutation is planning to call or video conference in.

 The Audit Committee consisting of Mayor Gutierrez, Councilmember Heyward, Councilmember Davis, City Manager Mark Browne, Assistant City Manager Brian James, Finance Director James Walters and Assistant Finance Director Babett Martin met on March 18, 2020, to review the audit findings and financial statement as presented by the auditor, Paula Lowe, CPA, Audit Partner from Patillo, Brown, and Hill, LLP.

Inform City Council about the financial performance and health of the City.

The annual audit provides the community assurance the City is in good financial standing and operating in compliance with generally accepted accounting principles and governmental accounting standards.

Approval of Resolution 20-R-31 accepting the FY 2018-19 CAFR 

None

Staff recommends approval fo Resolution 20-R-31 regarding the Fiscal Year 2018-19 Comprehensive Annual Financial Report.