Are the City's financial statements audited by independent auditing firms?
Yes, the City of Lampasas is audited annually with a report given to the City Council each year by the auditing firm along with copies of the audited financial statements for each department.

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1. What is the city's fiscal year?
2. Does the City fall under the same GASB rules as other organizations do?
3. Are the City's financial statements audited by independent auditing firms?