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City Council Meeting Minutes March 5, 2019 <br />deliberate regarding a potential Chapter 380 Economic Development incentive <br />agreement for Project World Series. <br />Mayor Hughson stated the Council provided direction to staff during <br />Executive Session. <br />PRESENTATIONS <br />2. Receive the Annual Audit Report and highlights from the City of San Marcos' <br />Comprehensive Annual Financial Report (CAFR) for the Fiscal Year ended September <br />30, 2018 from the City's audit firm ABIP, P.C. <br />Heather Hurlbert, Director of Finance, provided a brief introduction of the <br />audit report. She introduced Mr. Mike Deltoro, with ABIP, P.C., who <br />presented the audit and stated that they did not find any issues during their <br />review. He stated that the Auditor's opinion was unmodified which is the <br />highest level of assurance the auditor can give. He stated that the General Fund <br />balance increased by $200,000. The issuance of bonds was discussed so there is <br />still funding out there as these projects are ongoing. He reviewed the Electric, <br />Water/Wastewater and stormwater funds as well and are all inline with a <br />healthy fund balance. The WIC fund was reviewed they are happy to report <br />they found no questionable costs or issues. He stated that the City of San <br />Marcos is the longest recipient of the Government Finance Officers Association <br />(GFOA) Certificate of Achievement in Financial Reporting in the State of <br />Texas. <br />CONSENT AGENDA <br />A motion was made by Council Member Gonzales, seconded by Council <br />Member Derrick, to approve the consent agenda with the exception of items <br />#6,14,15, and 16. The motion carried by the following vote: <br />For: 7 - Mayor Pro Tem Prewitt, Council Member Gonzales, Council Member Derrick, Mayor <br />Hughson, Council Member Mihalkanin, Council Member Marquez and Council <br />Member Rockeymoore <br />Against: 0 <br />3. Consider approval, by motion, of the following meeting Minutes: <br />A) November 20, 2018 Work Session Meeting Minutes <br />B) January 15, 2019 Work Session Meeting Minutes <br />C) January 29, 2019 Work Session Meeting Minutes <br />D) February 5, 2019 Work Session Meeting Minutes <br />E) February 5, 2019 Regular Meeting Minutes <br />F) February 13, 2019 Budget Policy Workshop Meeting Minutes <br />G) February 19, 2019 Work Session Meeting Minutes <br />H) February 19, 2019 Regular Meeting Minutes <br />City of San Marcos Page 4 <br />