Audit & Finance Committee | October 13, 2026

The City of Fort Worth Audit & Finance Committee met October 13, 2026, to review the annual external audit plan, internal audit activities, and year-end financial projections. The external auditors outlined their audit of the fiscal year ended September 30, 2026, including the annual comprehensive financial report and single audits of selected federal and state grant programs. They expect to complete fieldwork and issue reports in February, with a presentation in early March. The committee also received an update on upcoming GASB reporting and disclosure standards. No contract award, vendor selection, or new procurement action was identified.

The city auditor reported findings including approximately $28,000 in incentive-pay overpayments to 38 police and fire employees, about $700 in duplicate vendor payments, and missed billings for some third-party additions to the city’s radio infrastructure; follow-up on gift-card controls and toll-tag charges is ongoing. Finance staff projected property-tax revenue about $13.8 million below budget, partly offset by sales-tax revenue projected $3.5 million above budget, and a $2.4 million general-fund contribution to fund balance compared with a budgeted $12.5 million use. Departments were generally within budget, though police and fire fleet costs remain an area of focus. No spending or procurement vote was reported.