Flower Mound council receives clean audit, unanimously approves 2025 comprehensive financial report

At its March 12 work session, the Flower Mound Town Council heard a presentation from the town's newly engaged auditors and unanimously approved the Annual Comprehensive Financial Report (ACFR) for the fiscal year ending Sept. 30, 2025.

Rachel Ormsby, the audit partner from Forvis Masars, told the council the audit produced clean, unmodified opinions on the town's financial statements and on internal controls over financial reporting. "You received clean, unmodified opinions," Ormsby said, adding that the auditors also issued a separate compliance opinion for federal/state grants that were tested.

Ormsby said auditors tested the wind-down of the Coronavirus State and Local Fiscal Recovery Funds and a state grant from the Texas Commission on the Arts and "did not identify any compliance issues." She told the council the audit produced no findings and no audit adjustments, which supports the reliability of the interim financial reports the council receives throughout the year.

John Zagorski, who introduced the audit presentation on behalf of town staff, thanked members of the finance team and staff who prepared documentation for the audit. The audit engagement, Ormsby said, was a multi-month effort: auditors logged over 400 hours, issued about 111 document requests and generated more than 1,000 documents; town staff spent roughly three times the auditors' hours responding.

Ormsby noted the town has received the Government Finance Officers Association (GFOA) certificate of achievement in financial reporting for 37 consecutive years and said the report in front of the council should qualify again.

During a brief question-and-answer period, a councilmember asked whether the type of financial failure reported in a recent news story about another Texas jurisdiction could happen in Flower Mound. Ormsby responded, "I feel like you have very good internal controls in place... Do not believe that's gonna happen here."

A councilmember asked whether auditors share best-practice recommendations during engagements. Ormsby said the firm meets regularly through the review process to provide recommendations and guidance and described the relationship as collaborative.

After the presentation and discussion, a councilmember moved to approve the 2025 ACFR and the council voted unanimously to adopt the report.

Votes at a glance
- Consent item C1 (community development software upgrade agreement): moved and seconded; approved by unanimous vote.
- Annual Comprehensive Financial Report (fiscal year ending 09/30/2025): moved by a councilmember, seconded; approved unanimously.

The council then convened into closed session under Texas Government Code chapter 551, sections 551.071, 551.072, 551.074 and 551.087. The body reconvened at 7:24 p.m., announced no action resulted from closed session, and adjourned.