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South San Antonio ISD receives clean audit, board approves FY2023–24 annual financial report
Summary
Independent auditors from Weaver issued an unmodified (clean) opinion on the district’s FY2023–24 financial statements; trustees approved the annual financial report and heard that adjusted deficit stands at ZAR 8.5 million with a general fund balance reported as ZAR 25.1 million.
Representatives from Weaver, the district’s external auditor, presented the fiscal year 2023–24 annual financial report to the South San Antonio Independent School District Board of Trustees at the Jan. 22 meeting and the board voted to accept the report.
Weaver’s manager on the engagement, Ms. Shobana Tavera, told trustees the firm would issue an unmodified (clean) opinion on the basic financial statements and on compliance for major federal programs. The auditors reported no material weaknesses or significant deficiencies in internal controls, no independence issues, and no disagreements with management. Weaver identified one uncorrected prior-period misstatement related to a subscription agreement recorded improperly in a previous year for about $56,000; auditors reported the item for communication but did not characterize it as material to the overall opinion.
Chief Financial Officer Mr. Kingman summarized key figures from the audit: the district ended the year with an assigned fund balance of ZAR 25,100,000, and an adjusted deficit of ZAR 8.5 million after specified adjustments noted in the audit report. Kingman and the auditors described the report as the district’s cleanest audit in five years and thanked staff members who worked on the audit process.
Trustees moved and seconded a recommendation to approve the FY2023–24 annual financial report as presented; the motion passed on unanimous roll call.
In board discussion, trustees praised the finance team for the result and asked clarifying questions about budget trends. During an earlier financial presentation the CFO discussed factors affecting the amended budget, including reduced interest income, special education and e-rate expenditures, and outstanding claims from prior periods; in that earlier presentation the CFO said that because of outstanding prior-period claims the district could face a small deficit for the fiscal year (he later characterized it as less than $1,000,000 in the current‑year operating projection after transfers), while the audit presentation reported the adjusted deficit figure explained above.
The board approved the annual report and thanked the finance and audit teams for their work.
