Consider action to approve renewal of the Audit Services Agreement with Weaver & Tidwell LLP.
Executive Summary & Impact
The City Charter 9.06(c) requires an independent audit to be conducted of all City accounts by a Certified Public Accountant in accordance with generally accepted auditing standards. It includes examination of compliance with procedures established by Charter, Ordinance, or where applicable, State and Federal laws and regulations. The audit and related reports comply with all standards provided by the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) where applicable.<br><br>Section 13.001 of the Texas local Government Code requires a municipality to have its records and accounts audited annually and have an annual financial statement prepared based on the audit.<br><br>Financial Audit Services proposal # 25-001 was issued in March 2025 with responses from four (4) firms. Evaluations were completed by committee, resulting in a recommendation and award by the Council on April 14, 2025, to Weaver & Tidwell LLP. The proposal was based on the engagement for the 2024-2025 Fiscal Year with four (4) subsequent Fiscal Year audits upon staff recommendation and Council approval at predesignated amounts.<br><br>Staff has been pleased with the previous audit engagements and requests approval of the attached Weaver & Tidwell Letter of Engagement for the 2nd renewal option to perform the Fiscal Year 2025-2026 independent audit of the general purpose financial statements in the amount of $64,000, which is the same price as the prior year.
Legislative Enactment & Roll-Call History
Official Legal Text & Codified Sections
OFFICIAL LEGISLATIVE RECORD — CITY OF WATAUGA Instrument / Docket Number: Ord. 2026-5. (Agenda Item 5.) Meeting: City of Watauga City Council Regular Meeting Date Enacted: 2026-08-24 Roll-Call Outcome: PASSED (7 YES - 0 NO) Category: Municipal Ordinance VERBATIM DOCKET TEXT & SUMMARY: The City Charter 9.06(c) requires an independent audit to be conducted of all City accounts by a Certified Public Accountant in accordance with generally accepted auditing standards. It includes examination of compliance with procedures established by Charter, Ordinance, or where applicable, State and Federal laws and regulations. The audit and related reports comply with all standards provided by the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) where applicable.<br><br>Section 13.001 of the Texas local Government Code requires a municipality to have its records and accounts audited annually and have an annual financial statement prepared based on the audit.<br><br>Financial Audit Services proposal # 25-001 was issued in March 2025 with responses from four (4) firms. Evaluations were completed by committee, resulting in a recommendation and award by the Council on April 14, 2025, to Weaver & Tidwell LLP. The proposal was based on the engagement for the 2024-2025 Fiscal Year with four (4) subsequent Fiscal Year audits upon staff recommendation and Council approval at predesignated amounts.<br><br>Staff has been pleased with the previous audit engagements and requests approval of the attached Weaver & Tidwell Letter of Engagement for the 2nd renewal option to perform the Fiscal Year 2025-2026 independent audit of the general purpose financial statements in the amount of $64,000, which is the same price as the prior year.