The municipality 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 Municipal Secretary within 120 days after the last day of each fiscal year.
Statutory reference:
Annual audit, see Tex. Local Gov't Code Ch. 103