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MGSB dedicated to providing a full range of accounting and auditing services including financial statement audits, single audits of federal and state grant funds and agreed-upon procedures engagements for state and local governmental entities as well as not-for-profit organizations that provide for the basic infrastructure, social services, and development of our community.
Our local governmental clients include water districts, cities, emergency services districts, management districts, improvement districts, development districts and levee improvement districts. The not-for-profit organizations to which the Firm provides accounting and audit services include, but are not exclusive to, homeowners associations, water supply corporations, volunteer fire departments and redevelopment authorities.
Our Services Include
- Financial Statement Audits for Governmental Entities
- Financial Statement Audits for Not for Profits
- Single Audits of Federal and State Grant Funds
- Agreed-Upon Procedures Engagements
- Advisory Services
- Audit Preparations
- Custom Client Solutions
Our Client Base Includes
A Water/MUD District is a political subdivision of the State of Texas authorized by the Texas Commission of Environmental Quality (TCEQ) to provide water, sewage, drainage and other services within the MUD boundaries. Pursuant to the provisions of Chapters 49 and 54 of the Texas Water Code, a MUD is empowered to purchase, operate, and maintain all facilities, plants and improvements necessary to provide water, sanitary sewer service, storm sewer drainage, irrigation, sold waste collection and disposal, including recycling, and to construct parks and recreational facilities for the residents of the MUD. The District is also empowered to contract for or employ its own peace officers with powers to make arrest and to establish, operate and maintain a fire department to perform all fore-fighting activities within the MUD.
An Emergency Service District operates under Chapter 775 of the Health and Safety Code. The Emergency Service District is empowered to provide fire protection, ambulance and rescue services to the persons in its boundaries which will be conducive to their public safety, health, welfare and convenience.
A Redevelopment Authority is set up as a local government corporation pursuant to provisions of Chapter 431 of the Texas Transportation Code and Chapter 394 of the Texas Local Government Code. The Redevelopment Authority is organized as a public non-profit corporation for the purpose of aiding, assisting, and acting on behalf of the City in the performance of its governmental function to promote the common good and general welfare of a Tax Increment Reinvestment Zone and neighboring areas and to promote, develop, encourage and maintain housing, educational facilities, employment, commerce and economic development in a City.
A Redevelopment Authority is set up as a local government corporation pursuant to provisions of Chapter 431 of the Texas Transportation Code and Chapter 394 of the Texas Local Government Code. The Redevelopment Authority is organized as a public non-profit corporation for the purpose of aiding, assisting, and acting on behalf of the City in the performance of its governmental function to promote the common good and general welfare of a Tax Increment Reinvestment Zone and neighboring areas and to promote, develop, encourage and maintain housing, educational facilities, employment, commerce and economic development in a City.
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