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HCISD readies TEA financial audit and single audit; internal audits find no material issues
Summary
District finance staff reviewed TEA audit deadlines, the single audit for federal programs, internal control reviews and audit tests (inventory, bid testing, PEIMS, intent coding). Internal audits reported no findings; construction encumbrances under TRE funds were summarized.
During the Finance and Planning Committee meeting, HCISD business officials reviewed the district’s financial‑audit timeline, internal‑control work and recent internal audits conducted with external auditors.
Presenting, Ida (district finance) said Texas Education Agency requires districts with June 30 fiscal year ends to submit annual audited financials to TEA’s Financial Compliance Division by Nov. 27. External auditors also perform a single audit when federal awards exceed $750,000; district staff reported HCISD had approximately $32,000,000 in federal awards this year, triggering single‑audit testing of major programs.
Ida described preparation steps:…
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