The independent auditor’s report for the City of Rio Grande City covers the fiscal year ending September 30 2023. It states that, in an unqualified (clean) opinion, the city’s basic financial statements – government, business‑type activities and all major funds – fairly present its financial position, results of operations and cash flows. The report highlights a $3,042,331 (7 %) increase in total net position, with governmental activities up $1,625,658 and business‑type activities up $1,416,673. Sales‑tax revenues grew by $581,107 in 2023 (after a $370,175 rise the prior year). The audit also notes the city adopted GASB Statement 96 on subscription‑based IT arrangements, but this does not affect the opinion. The audit was performed by Raul Hernandez & Company and included a separate internal‑control compliance report dated April 15 2024.
| Auditor's Opinion | Unqualified (clean) opinion |
| Total Net Position Increase | $3,042,331 (7 % change) |
| Governmental Activities Net Increase | $1,625,658 |
| Business‑type Activities Net Increase | $1,416,673 |
| Sales Tax Revenue Increase (2023) | $581,107 |
| Sales Tax Revenue Increase (Previous Year) | $370,175 |
| Audit Report Date | April 15 2024 |
| New Accounting Standard Adopted | GASB Statement No. 96 – Subscription‑Based IT Arrangements |