Laserfiche WebLink
All internal control evaluations occur within this framework. The Finance Department's staff believes the City's internal <br />control structure adequately ensures compliance with laws and regulations and reasonable assurance for safeguarding of <br />assets. <br />Debt <br />The following schedule outlines the outstanding City debt as of 09-30-20: <br />Issue <br />2010 Tax and Rev. C.O. <br />2012 G.O. Refunding Bonds <br />2013 C.O. (TWDB) <br />2013 G.O. Bonds <br />2016 G.O. Bonds <br />2017 G.O. Bonds <br />2018 G.O. Bonds <br />2020 Tax and Rev. C.O. <br />Capital Lease — Firetrucks <br />SuRRMA Loan <br />TOTAL <br />Independent Audit <br />Tax Supported <br />Revenue <br />Supported <br />Fund Moody's Investors <br />Maturity Rating Insured <br />$ 1,895,000 <br />$ - <br />12-15-29 <br />Aa3 <br />800,000 <br />- <br />12-15-21 <br />Aa3 <br />- <br />1,860,000 <br />12-15-32 <br />N/A <br />- <br />28,565,000 <br />12-15-32 <br />Aa3 <br />- <br />7,450,000 <br />12-15-36 <br />Aa3 <br />8,590,000 <br />- <br />06-15-37 <br />Aa3 <br />190,000 <br />1,000,000 <br />06-15-38 <br />Aa3 <br />1,500,000 <br />- <br />06-15-30 <br />N/A <br />950,526 <br />- <br />01-28-26 <br />N/A <br />370,500 <br />- <br />06-29-25 <br />N/A <br />$ 14,296,026 <br />$ 38,875,000 <br />The City Charter requires an annual audit to be made of the accounts, financial records, and transactions of all administrative <br />departments of the City by a certified public accountant selected by the City Council. The requirement has been complied <br />with, and the Independent Auditors' Report has been included in this report. <br />Acknowledgments <br />The preparation of this report could not have been accomplished without the full support and efficient and dedicated efforts of <br />the entire staff of the Finance Department and the competent services of the independent auditors, McClanahan and Holmes, <br />LLP, CPAs. I express my appreciation to all members of the Finance Department who assisted and contributed to the <br />completion of this report and to all City departments involved in the preparation of information for this report. In addition, I <br />express my appreciation to the Mayor, City Council, and City Manager for their continuing interest and support in planning <br />and conducting the financial affairs of the City in a responsible and progressive manner. <br />Respectfully submitted, <br />W. E. Anderson <br />Director of Finance <br />I-5 <br />