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Understanding the Law
Senate Bill (S.B.) 1851 takes effect September 1, 2025. The bill penalizes a city that fails to complete the annual financial audit and financial statements required under Chapter 103, Local Government Code, within 180 days after the last day of the city’s fiscal year.
City of Dallas Compliance
1. A copy of your two most recent audits and annual prepared financial statements as required by Texas Local Government Code Section 103.001(a).
2. The meeting minutes that indicate the city’s budget and annual financial statement were approved by your municipal governing body.
3. Documentation reflecting the person/firm/public accountant/department who conducted the most recent audit.
- The Audit opinions in each Annual Comprehensive Financial Report linked above reflect this information.
4. A copy of this year and last year’s contracts with your city’s contracted auditor (if external).
Resources