Edinburg EDC: Local government, led by the Mayor and City Council, meets highest standards in U.S. on how Edinburg handles its finances

by Legislative Media | Apr 10, 2017 | Politics

Featured, from left: Elías Longoria, Jr., Secretary/Treasurer, Edinburg Economic Development Corporation; Rep. Terry Canales, D-Edinburg; Sen. Juan “Chuy” Hinojosa, D-McAllen; and Edinburg Mayor Richard García, on Friday, March 17, 2017, during groundbreaking ceremonies for the Department of Public Safety Mega Driver License Center in north Edinburg. The multi-million dollar, 25,000 square foot facility, located at the corner of Davis Road and I69C, is one of the many examples of economic growth in the city. The public safety complex, which will bring almost 70 jobs, also represents the state government’s confidence in locating in Edinburg, in part because the city excels in promoting and protecting public funds at all levels.

Photograph By ALEX RÍOS

Edinburg’s municipal government, led by the Mayor and Edinburg City Council, meets the highest standards for U.S., state and local governments on how it handles its financial activities, according to a state-required annual audit that was presented during a public meeting at Edinburg City Hall on Tuesday, March 28, 2017, the Edinburg Economic Development Corporation has announced. The Edinburg EDC, whose Executive Director is Agustín García, Jr., is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council. The Edinburg EDC Board of Directors is comprised of Mayor Richard García as President, Harvey Rodríguez, Jr. as Vice President, Elías Longoria, Jr., as Secretary/Treasurer, and Richard Ruppert and Dr. Peter Dabrowski as Members. As part of its mission to help create jobs, the Edinburg EDC uses key information from independent, reliable, and authoritative sources, such as the Comprehensive Annual Financial Report, released on Tuesday, March 28, 2017, to inform residents, and to maintain and increase confidence in the ethical practices of its city government, promote the expansion of existing businesses, and recruit new businesses to the community. At that meeting, held in the Council Chamber, Carr, Riggs & Ingram, LLC delivered an Unmodified Opinion, the best rating possible, following its examination of three aspects of the city’s financial operations: (1) internal controls; (2) statements, records, and accounting transactions; and (3) compliance with statutory and budgetary requirements. Ruben Moreno, CPA (Certified Public Accountant), Partner with Carr, Riggs and Ingram, LLC , and Aaron Ríos, CPA, Manager with Carr, Riggs and Ingram, LLC, presented the audit to Mayor Pro Tem J.R. Betancourt, himself a CPA, who was representing the mayor and fellow city councilmembers at the public session. The Unmodified Opinion, which covers the 12-month period that ended September 30, 2016, and other financial highlights by Carr, Riggs & Ingram, LLC send out a favorable message, locally and beyond, that Edinburg’s economy continues to be strong, and the city is a good place to call home, said Betancourt. Key financial statements by the city directly reflected positive growth in Edinburg’s economy that came without any increase in the city’s property tax rate or the local sales tax rate, Betancourt noted. “One of the great things about the audit is that is shows how well the city is doing, that we have a very fiscally strong budget, we have reserves in the bank to provide public services through emergencies,” the mayor pro tem continued. “The economy is doing well here and in the Valley. Edinburg has not been so fiscally strong in the last 10 to 15 years.”

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