Garland's fiscal 2025 audit gives the city an unmodified opinion on its financial statements and lists seven state-compliance findings. The year included $4.37 million in new sales tax revenue bonds and a general fund that took in $3.2 million and spent $6.1 million.
Garland issued two 2024 sales tax revenue bonds totaling $4,374,000, recorded in fiscal 2025. General fund spending on public works was $3.69 million that year. The city's budget reports list the debt payments under streets.
Garland issued two 2024 sales tax revenue bonds totaling $4,374,000, recorded in fiscal 2025. General fund spending on public works was $3.69 million that year. The city's budget reports list the debt payments under streets.
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Four of the seven compliance findings in Garland's fiscal 2025 audit involve fees, impact fees, unbilled city use of water and sewer service, and a fraud risk assessment that was not presented to the council by the deadline.
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Garland's fiscal 2025 audit says administration and garbage spending exceeded final budgets, the council did not get monthly financial statements, and the capital projects fund ended the year with a deficit balance that state law does not allow.
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The fiscal 2025 audit says Garland's sewer fund borrowed $685,990 from the water fund, the redevelopment agency fund and the general fund, including money restricted to other uses, without meeting state requirements for interfund loans.
