09-22-04 Meeting of the Tax Increment Reinvestment Zone Number One minutes

Browse Search

11 Greenway Plaza, Suite 1515 Houston, TX 77046 (713) 621-1515 Fax: (713) 621-1570 li'L Null. Lairson 2117 Post Office Street Galveston, TX 77550 (409) 762.8380 Fax: (409) 762-1749 (ERTIRED PUBUC .-\CCOlu"\1:'\'\1S PROFfSSICl;'\;:\L CORPOlv\TlO\I Independent Auditors' Report To the Honorable Mayor and Members of the City Council City of La Porte, Texas We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of City of La Porte, Texas (the City), as of and for the year ended September 30, 2004, which collectively comprise the City's basic financial statements as listed in the table of contents. These financial statements are the responsibility of the City's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective fmancial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of La Porte, Texas, as of September 30, 2004, and the respective changes in fmancial position and cash flows, where applicable, thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. MEMBERS: !\.MERIC!\N INSTITUTE OF CERTIFIED PFBUC ACCOll\-LA,,",S. TEX-AS SOCIETI' OF CERTIFIED PL'BLlC ACCOUJ'.,.~,-rs, CPA ASSOCLUES P.>TER..'iATIONAL, r:-;c. WITH ASSOCIATED OFFICES r:-; PRL'1CIPAL l.S AND l"-""IER..'i!\TJOKAL CITIES 15 -