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Index: Willow Park Finance, Audit and Debt

Updated: 3 days ago


• Summary: Willow Park Civics is creating and collecting blogs, webpages, and other articles about the City of Willow Park's Finance, Audit, Debt, etc. Willow Park Civics will update this Blog as activity arises.

• Latest Update: 30 June 2025; posted 25 June 2025

• Tags: #Finance

• Note: Willow Park Civics is about Willow Park but is NOT associated with or managed by the City of Willow Park.





Index: Willow Park Finance, Audit and Debt





Journal

• Willow Park Enterprise Salaries, June 2025, Willow Park Civics Blog, posted 25 June 2025

Thanks to Mayor Palmer's transparent executive management of Willow Park, we now have a list of the salaries and benefits of employees of the three Enterprise Accounts - Water, Wastewater, and Drainage. City Administrator Bryan Grimes did a great job of discussing these salary numbers and how they fit into the three Enterprise Accounts. Details in linked blog.



• 24 June 2025 Council Meeting, Willow Park Civics Blog, posted 20 June 2025

• Agenda Item 1. Discussion - Budget Work session to discuss Enterprise Funds for the 2025-2026 Fund Year. Work Session

•  Agenda Item 4. Discussion/Action: Authorize staff to execute engagement letter with Snow Garrett for Auditing Services


• Taxes of Texas Field Guide from the Comptroller of Texas. Willow Park Civics Blog, posted 01 May 2025


• Audit: 11 March 2025 Council Meeting, Willow Park Civics Blog, posted 09 March 2025

• Agenda Item 3. Discussion/Action: To Consider and act on approval of the Fiscal Year 2023-2024 Audit. / Background: Council will hear the Annual Audit from Snow, Garrett, and Williams, CPA.This is for fiscal activities from October 1, 2023 thru September 30, 2024. 


• 2024/25 Budget 1st Q: 11 February 2025 Council Meeting, Willow Park Civics Blog, posted  09 February 2025

Agenda Item2. Discussion & Action: for approval of the 1st Quarter Financial Update Report by Jake Weber, CPA.


• 2023/24 Budget 4thQ: 12 November 2024 Council Meeting, Willow Park Civics Blog, posted 09 November 2024

Agenda Item 3. Discussion/Action: For Approval of Financial Report for 4th Fiscal Quarter 2023- 24. 


• 2024/25 Budget: Public Hearing on 2024/2025 Budget and City Property Tax increase. Now is the time for Citizens to lead. Willow Park Civics Blog, posted 04 September 2024

During the 10 September 2024 Council Meeting, Willow Park Citizens are encouraged to speak and guide our elected officials, who have approved a property tax rate increase of $.0349, for a proposed property tax of $.432546 per $100 property value. In addition, there wii also be a Public Hearing on the City's 2024/2025 budget.



• 2024/25 Budget and Tax: Willow Park is planning to increase the property tax rate for 2024 - 2025. Willow Park Civics Blog, posted 19 August 2024

During the 13 August 2024 Council Meeting, the City proposed a “small tax rate increase” of .0349¢ because of the increases in both M&O (maintenance and operation) and I&S (debt payments). Willow Park Citizens are encouraged attend and speak during the next two Council meetings, 27 August and 10 September.


• Tax and 2024/25 Budget: 23 July 2024 Council Meeting, Willow Park Civics Blog, posted 19 July 2024

• Agenda Item 5. Discussion/Action: to approve [HOT] advertisement with Trinity Christian Academy.

• Agenda Item 7. Discussion Only: Budget Workshop for the FY 24-25 Budget. 


• 2023/2024 2nd Q:14 May 2024 Council Meeting, Willow Park Civics Blog, posted  13 May 2024

 • Agenda Item 5. Discussion/Action: to approve the 2nd Quarter Financial Report.


• Audit: 12 March 2024 Council Meeting, Willow Park Civics Blog, posted 08 March 2024

• Agenda Item 2. Discussion/Action: to approve the Fiscal Year 2022-2023 Audit Report. • Background: Council will hear the Annual Audit from Snow, Garrett, and Williams, CPA. This is for fiscal activities from October 1, 2022 thru September 30, 2023.


• 2023/2024 1st Q: 13 February 2024 Council Meeting, Willow Park Civics Blog, posted  10 February 2024

• Agenda Item 2. Discussion/Action: to approve the City's 1st Quarter Financial Report.


• Willow Park Property Tax for 2023 and the Devil in the Details, Willow Park Civics Blog, posted 10 April 2023

While the City is celebrating its proposed real estate property tax rate decrease of $.14, don't get out your party hats, quite yet. The citizens of Willow Park will have a new, additional tax of $.10 levied by the Emergency Service District 1. And there's more buzzkill.


• Audit: 14 March 2023 Council Meeting, Willow Park Civics Blog, posted

• Agenda Item 5. Consideration & Action: Annual Audit Report by Snow, Garrett & Williams. • Background: Council will hear the Annual Audit from Snow, Garrett, and Williams, CPA. This is for fiscal activities from October 1, 2021 thru September 30, 2022.

• Current Willow Park Financial Audit, Willow Park Civics Blog, posted 30 March 2023

During the 14 March 2023 Council Meeting, (agenda item 5, video time stamp 5:10) the city's audit firm Snow, Garrett & Williams, presented the Annual Audit Report on the Willow Park 2021-22 financial activities. During her final comments (on the Internal Control Letter, page 68) Reba Long, an auditor with Snow, Garrett & Williams, remarked we "didn't have any control or compliance findings... Definitely, your staff is to be commended, we don't see that a lot with cities."  The Audit Report cover letter supports her claim; Willow Park had a "clean audit."


• Finance: Willow Park Sales Tax Willow Park Civics Blog, posted 07 March 2023

Willow Park sales tax is up 50% from last year, a progression a decade in the making Everything Sales Tax for Willow Park Citizens: Willow Park sales tax with latest updates and a journal of WP sales taxes, and Texas Sales Tax with tutorials, articles, research -- all updated and reposted as news develops.


• Audit: 25 October 2022 Council Meeting, Willow Park Civics Blog, posted 23 October 2022 / Agenda Item 5. Discussion/Action: to accept the Single Audit Report from Snow Garrett Williams Certified Public Accountants. 17:19 audio file

• Background: The 2021 Annual Audit was performed by Clifton Larson Allen, LLP. We were advised by them that a Single Audit was not necessary. In July of 2022 we were contacted by the Texas Division of Emergency Management (TDEM) stating that they passed through federal grant funds and/or state grant funds to our local government from one or more federal or state programs. ... Uniform Guidance 2 CFR 200 Subpart F: 200.512 (a) states federal grant sub-recipients are required to submit a Single Audit report... We contacted our new auditing firm Snow Garrett Williams... They performed the single audit for us and it is being presented for you approval.

• Exhibits: Single Audit Documents [Not included in agenda packet; added 14 November 2022, in .pdf.]

• Willow Park Civics Research

• Editorial Notes:

• Single audit is regular audit plus a grant compliance audit. See Willow Park Civics > Resources > Glossary.

• Current city grants:

• Texas Water Development Board bond for Fort Worth water project;

• American Rescue Plan Act of 2021 (ARPA) being used to support the Chapter 380 agreement between the city and UNCO RE Holdings LLC / Standard Services restaurant. See Willow Park Civics > City > Development > Chapter 380 and UNCO Hospitality for "installation of a lift station and extension of a sewer main."

• Coronavirus Relief Fund from Treasury, which was donated to Aledo ISD to recover from the COVID shutdown.


• Debt: 27 September 2022 Council Meeting, Willow Park Civics Blog, posted  25 September 2022

• Agenda Item 6. Discussion Only: Discussion of City Debt with Erick Macha, Hilltop Securities. Presentation from Hilltop Securities Erick Macha, Hilltop Securities.

• Background: At the request of Mayor Pro-Tem Lea Young, Hilltop Securities will present the City’s debt load, future outlook, and provide comments and insight.

• Exhibits: Hilltop Securities Presentation / Final Presentation .pdf



• Audit: 12 April 2022 Council Meeting, Willow Park Civics Blog, posted 09 April 2022

• Agenda Item 10. Discussion/Action: to consider and act on approval of the Fiscal Year 2020 — 2021 Audit. • Background: The Annual Audit was performed by CliftonLarsonAllen, LLP. This is the audit firm selected by City Council on September 11, 2018.


• Audit: 08 February 2022 Council Meeting, Willow Park Civics Blog, posted 04 February 2022

• Agenda Item 4. Discussion/Action: to approve an Audit Firm for FY 2021/2022 and Subsequent Audits. • Background: On November 23, 2021, the City released the RFP for Auditing Services. The City received four responses... staff is recommending the selection of Snow Garrett Williams ["Snow Garrett Williams is a local public accounting firm that began its operation in Weatherford in 1978."


• Audit: 19 October 2021 Special Council Meeting, Willow Park Civics Blog, posted 19 October 2021

• Agenda Item 2. Discussion/Action: To approve a Request for Proposal for audit services for Fiscal Year 2021-2025.


• 23 February 2021 Council Meeting, Willow Park Civics Blog, posted 23 February 2021

• Agenda Item 7. Discussion/ Action: To consider and act on setting the date and time for the next council meeting / 2019-2020 Audit


• Audit: 09 April 2019 Council Meeting, Willow Park Civics Blog, posted 09 April 2019

• Agenda Item 4. Discussion/ Action: To consider and take action on approval of the Fiscal Year 2017- 2018 audit.



• Texas Constitution and Statutes > Local Government Code > Title 4. Finances > Subtitle A. Municipal Finances > Chapter 103 > Audit Of Municipal Finances 


• Texas Comptroller of Public Accounts > Fiscal Management > Annual Financial Reports 



• WallStreetMojo > Audit Report Contents 


Auditor Joke

When does a person decide to become an auditor?

When he realizes he doesn’t have the charisma to succeed as an undertaker.


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