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PSJA audit issues unmodified opinion but flags budget amendment controls; board approves advisory contract and fund-balance resolution
Summary
External auditors gave PHARR‑SAN JUAN‑ALAMO ISD an unmodified opinion for FY2024 but reported a significant deficiency for expenditures exceeding appropriations; the board approved the audit, renewed an investment advisory agreement and delegated authority to commit fund balance.
PHARR‑SAN JUAN‑ALAMO ISD — External auditors issued an unmodified audit opinion for the fiscal year ended Aug. 31, 2024, but also reported a significant deficiency related to expenditures exceeding appropriations, the district's auditor told the school board on Jan. 27.
The audit matters matter because an unmodified opinion indicates the district's financial statements "present fairly, in all material respects," its financial position, while the deficiency points to weaknesses in budget monitoring that the auditors recommended the district address with more timely budget amendments.
Jonathan Hall, audit partner with Carr, Riggs & Ingram, told the board the district’s governmental fund statements show a general‑fund balance of $110,070,000 at Aug. 31, 2024. For the…
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