Presentation and Discussion Regarding Governance Letter from External Auditing Firm, RSM US, LLP, for the Fiscal Year 2024-25 Financial Audit; Single Audit (Formerly A-133 Audit) of States, Local Governments, and Nonprofit Organizations; and Comprehensive

Staff Report & Agenda Item Details

The San Antonio River Authority has begun the annual audit of the financial statements for the fiscal year ending September 30, 2025. As required by the Statement on Auditing Standards (SAS), which provides guidance to external auditors on generally accepted auditing standards (GAAS), a presentation will be provided by RSM US, LLP. SAS Number 114 "The Auditor's Communication With Those Charged With Governance" provides a framework for the auditors to communicate with those charged with governance and to identify specific matters to be communicated. SAS Number 114 requires that the auditors communicate the members of the audit team, timeline, deliverables and governance to the Board of Directors.