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Mercedes ISD trustees approve FY2024 audit after auditor reports no tested control findings
Summary
The Mercedes ISD Board of Trustees approved the district's audit report for the fiscal year ending Aug. 31, 2024, after auditors from Gascos & Associates said they found no reportable internal-control findings in their samples and urged the district to plan for the end of ESSER funds and changing property-tax dynamics.
The Mercedes Independent School District Board of Trustees voted to approve the district's audit report for the fiscal year ending Aug. 31, 2024, following a presentation from external auditors and questions from trustees about federal COVID-era grants, property-value changes and cash reserves.
Alfred Vera, managing CPA with Gascos and Associates, presented the audit and answered trustees' questions. Vera said the firm's testing did not produce reportable findings on internal controls: "We didn't, have any any findings based on what we have, have tested." He added the firm could provide only limited assurance because it does not…
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