· Related development
At a special meeting, council files the draft fiscal 2025 annual financial report, 3-0
On March 27, 2026, at a special meeting, the three council members present voted 3-0 to file the City's fiscal 2025 Annual Comprehensive Financial Report; Councilmembers Prescott and Simpson were absent for the vote. The Amarillo Tribune reported that the 180-day filing deadline fell that weekend, that council members had received the draft the night before, and that the auditor said the draft could change before the final report.[1][2]
Cole StanleyTim ReidDon TippsLes SimpsonGrayson PathCliftonLarsonAllen LLP
What the sources say
- ✓ Verified
At a March 27, 2026 special meeting the council voted 3-0 "to file the City of Amarillo Annual Comprehensive Financial Report," on a motion by Councilmember Tipps seconded by Councilmember Reid. Voting yes were Cole Stanley, Tim Reid and Don Tipps; David Prescott and Les Simpson were recorded absent. The minutes record that the interim chief financial officer and a CliftonLarsonAllen representative presented the item. [1]
- ✓ Verified
Mayor Cole Stanley (as reported by the Amarillo Tribune): The Amarillo Tribune reported that the Texas Local Government Code requires the report to be filed within 180 days after the end of the fiscal year, that this was the first year CLA conducted the City's report, and that council members said they received the draft the night before the meeting. Mayor Stanley said that ideally the council would have received it several weeks earlier, and that the finance department's transition to new accounting software had not been seamless and had contributed to the delay. [2]
- ✓ Verified
CliftonLarsonAllen audit partner (as reported by the Amarillo Tribune): The CLA audit partner said the draft report may differ from the final report: "Those changes could come as a result of city council questions. As we look into this further, and we may have to regroup something, or the amounts could change." Asked by Councilmember Les Simpson whether the firm found any indication of fraud, misuse or irregularities, he said, "No fraud or irregularities that we became aware of," adding that this did not mean undetected ones could not exist. [2]
- ✓ Verified
City Manager Grayson Path (as reported by the Amarillo Tribune): The auditor said City staff were already working to give the council more timely and accurate reconciliation of capital assets and construction-in-process accounts. City Manager Grayson Path said a CIP committee had been formed to work through capital projects, "identifying ones that have been completed, and close out and bring back to you all funds, working backwards as best we can." [2]
- ⚠ Sources differ
Amarillo Tribune reports give the fiscal 2025 report's filing deadline differently: a March 27, 2026 report says the deadline was the Sunday after the Friday, March 27 special meeting (the 180th day after September 30, 2025 is March 29, 2026); a June 10, 2026 report says the deadline to finalize the audit was March 27.