The Richland Hills City Charter requires an annual audit by an independent certified public accountant. George, Morgan and Sneed, P.C., a firm of licensed certified public accountants, was selected by the City Council to audit the City’s financial statements. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. George, Morgan and Sneed, P.C. will present the Annual Comprehensive Financial Report (ACFR) of the City of Richland Hills, Texas, for the fiscal year ended September 30, 2025. Copies will be distributed to the Mayor and Council at the meeting, and a copy will be incorporated as an attachment to this agenda item. The purpose of the ACFR is to provide the City Council, management, staff, citizens and other interested parties with detailed information reflecting the City’s financial condition. After the ACFR has been accepted by Council it will be placed on the City’s website, a copy will be placed in the Richland Hills Public Library, and it will be available for public inspection at City Hall. An original copy will be kept as a permanent record of the City in the City Secretary’s office.

Bastiat Liberty & Property Rights Analysis

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 2.9/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).