The city shall have its records and accounts audited annually and shall have an annual financial statement prepared. The audit shall be performed by a licensed certified public accountant or a public accountant who holds a permit to practice from the Texas State Board of Public Accountancy. Such audit and financial statement shall be filed with the City Secretary within one hundred and twenty (120) days after the last day of each fiscal year.
Editor's note:
State law reference-V.T.C.A., Local Government Code, Chapter 103, requires municipalities to prepare and file an annual audit.