Granbury City Council March 17, 2026 Independent audit of City finances-fiscal year ending 9/30/2025

The City of Granbury held a City Council meeting on March 17, 2026, to review the independent audit of the city's finances for the fiscal year ending September 30, 2025. Representatives from the audit firm Patillo Brown and Hill presented the audit results, confirming a clean opinion on the city's financial statements, including governmental activities, business-type activities, and major funds. The audit highlighted compliance with federal grant requirements, including testing of specific grants such as the Drinking Water State Revolving Fund, totaling approximately $1.2 million. The auditors reported no material weaknesses or significant issues in internal controls or compliance. Financial highlights included a healthy general fund balance equating to about 10 months of expenditures and a strong utility fund operating income. No procurement actions or budgetary decisions were made during the meeting; it was primarily an informational presentation with no votes taken.