Buda receives a squeaky clean audit for FY 2016 – 17

Buda’s annual audit on financial reports received the highest level of assurance for Fiscal Year 2016-17, according to a press release.

The “clean,” or unmodified audit means the “city’s financial records have been determined by the audit firm to be free of any misrepresentations,” according to the release.

This also indicates that the financial statements are materially correct and can be relied upon. Any healthy fund balances are viewed as financial stability when bond rating agencies determine the city’s bond rating.