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Venus ISD board approves annual financial audit; district retains roughly 5 months of reserves
Summary
The Venus ISD Board approved the district's annual financial audit after a presentation from auditor Carl Deaton, who reported a roughly $11.9 million general fund balance (about 5.3 months of expenditures), final ESSER spending and $4.6 million in federal grant dollars. The motion carried on a voice vote.
The Venus ISD Board of Trustees on Jan. 13 approved the district's annual financial audit following a presentation by auditor Carl Deaton.
Deaton told the board the independent auditor's report issued an unmodified (clean) opinion and that the district recorded about $27 million in revenues and just over $27 million in expenditures in the general fund for the fiscal year ending Aug. 31. He said the district ended the year with about $11.9 million in general fund balance, which he calculated as roughly 5.3 months of last year's expenditures.
The auditor said the board had adopted a budget for 2024-25 that initially projected using about $356,000 of fund balance; after setting aside that…
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