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McCALL GIBSON SWEDLUND BARFOOT PLLC Certified Public Accountants 13100 Worthant Center Drive Suite 235 9600 Great Hills Trail Houston, Texas 77065-5610 Suite 150W (713) 462-0341 Austin, Texas 78759 Fax (713) 462-2708 (512) 610-2209 E-Mat :,?r.., INDEPENDENT AUDITOR'S REPORT Board of Directors La Porte Redevelopment Authority City of La Porte, Texas We have audited the accompanying financial statements of the governmental activities and m-ajpr'fund of La Porte Redevelopment Authority (the "Authority"), a comonent unit o "the Cia o "La Rot-te' Texas, as of and for the year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the Authority's basic financial statements as listed in the table of coritetits. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation'�'of these' financial statements in accordance with accounting principles generally accepted in the United.,States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these ,fna vial statements based on our audit. We conducted our audit in accordance with auditing standards `generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures; to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments; the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances,_but-;not for the purpose of expressing an opinion on the effectiveness of the Authority's internal control. " Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Member of American Institute of Certified Public Accountants Texas Society of Certified Public Accountants