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Mercedes ISD audit returns clean opinion; trustees split over late delivery, approval fails
Summary
Casco's and Associates presented an unmodified (clean) audit opinion for the fiscal year ended Aug. 31, 2024, but trustees split 3-3 on approving the audit at a special meeting after several members said they had insufficient time to review the 95-page report.
Royal Cantu, audit supervisor at Casco's and Associates, presented Mercedes ISD's annual financial audit for the year ended Aug. 31, 2024, saying the district earned an unmodified opinion and that auditors found no significant deficiencies or material weaknesses in internal control or federal program compliance.
The audit presentation matters because an unmodified opinion signals the auditors concluded the district's financial statements are presented fairly “in all material respects.” During the special meeting, multiple trustees raised concerns about receiving the report late and asked for more time to review the 95-page packet before voting to accept it.
Cantu told the board the district received an insurance lag report only the day before the meeting; that delay contributed to delivering the audit later than the board's usual December presentation. He described several quantitative findings and…
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