The City of Deer Park shall have its records and accounts audited annually by a certified public accounting (CPA) firm, licensed to practice in the State of Texas. The City shall prepare an annual financial statement and report, which together with the auditor’s opinion, shall comprise the Comprehensive Annual Financial Report. The Comprehensive Annual Financial Report shall be filed within 180 days after the last day of the City’s fiscal year. A printed copy of the City’s Comprehensive Annual Financial Report is available for public viewing during normal business hours at the Deer Park Public Library and at the City Secretary’s office in City Hall.
In accordance with the Single Audit Act of 1984, as amended in 1996, and the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), a Single Audit Report is required when the City expends $750,000 or more of federal funds during a fiscal year. This audit shall be conducted by a certified public accounting (CPA) firm, licensed to practice in the State of Texas, in order to obtain reasonable assurance about the City’s management and use of federal funds in compliance with federal statutes, regulations, and the terms and conditions of the applicable federal award programs. The audit shall include an examination of the City’s financial records, financial statements, federal award transactions and expenditures, operations management, internal controls, and federal assistance received during the fiscal year subject to the single audit.