CORPUS CHRISTI, TX – January 24, 2024 – Visit Corpus Christi, the official destination management organization for Corpus Christi, Texas, announces the successful completion of its annual independent organizational audit. Adamson and Company, a leading auditing firm in South Texas, conducted the clean audit. For the fourth year in a row, the audit has resulted in a clean opinion, affirming the organization's commitment to financial integrity and transparency.
A clean opinion is an independent auditor’s judgement that a company or organizations financial statements are fairly and appropriately represented, without any identified exceptions, and in compliance with generally accepted accounting principles (GAAP) which are developed by the national Financial Accounting Standards Board (FASB).
Craig Mlady, lead auditor for Adamson and Company, commented on the audit's findings, "Our audits of Visit Corpus Christi's financial statements as well as our testing of their underlying records and practices illustrates an ongoing commitment to transparency and accountability. The organization has shown dedication to responsible financial management, which is crucial for their continued success and the trust of the community they serve.”
The successful audit not only highlights the organization's financial health but also its commitment to operating with the utmost integrity, ensuring the organization remains a trustworthy and effective advocate for tourism in Corpus Christi. For accounting and financial oversight, Visit Corpus Christi works with the nationally known independent accounting firm CFO by Design. CFO by Design specializes in acting as an outsourced CFO for tourism, trade and professional associations. End of month, quarter, annual financials and budgeting are all overseen by the independent company. "Receiving an unqualified opinion for four consecutive years is no small feat. It underscores our team's dedication to upholding the highest standards of financial stewardship and transparency," said Brett Oetting, President & CEO of Visit Corpus Christi.
Peter Zanoni, City Manager of Corpus Christi and executive board member of Visit Corpus Christi, also weighed in on the achievement. "This clean audit reflects Visit Corpus Christi's robust and effective financial controls. As the City Manager and Visit Corpus Christi board member, it is reassuring to see such consistent financial diligence, which is vital for the organization's credibility. The audit confirms our trust in VCC and its role in showcasing the Coastal Bend to the world."
For more information about Visit Corpus Christi and its initiatives, please visit: www.visitcorpuschristi.com.
ABOUT VISIT CORPUS CHRISTI:
Visit Corpus Christi is a state and national award-winning 501c6 Destination Management Organization contracted by the city of Corpus Christi with a mission to create a better community by sharing Corpus Christi with the world. The organization is primarily funded through Hotel Occupancy Tax (HOT) paid by visitors while staying overnight in hotels and short-term rentals. Visit Corpus Christi also has a non-profit foundation that supports the hospitality and tourism industry via education programs, raising and providing funding to individuals and businesses during times of need through the Visit CC Cares program.