03-27-17 Regular Meeting of the La Porte City Council

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INDEPENDENT AUDITORSREPORT To the Honorable Mayor and Members of the City Council and Citizens City of La Porte, Texas Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, business- type activities, each major fund, and the aggregate remaining fund financial of the City of La Porte, 6, which collectively comprise the anagement 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. Our responsibility is to express an opinion on these financial statements based on our audit. We did not audit the financial statements of the Tax Increment Reinvestment Zone Fund, which represents .3 percent and 4 percent, respectively, of the assets and revenues of the aggregate other governmental funds and 8 percent and 4 percent, respectively, of liabilities and revenue of the governmental activities. Those statements were audited by other auditors whose report has been furnished to us, and our opinion, insofar as it related to the amounts included for the Tax Increment Reinvestment Zone Fund, is based solely on the report of the other auditors. 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 from material misstatement. 1