Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Audit topic
No spam. Unsubscribe anytime.
Auditor issues clean opinion on Alvin ISD—s 2024-25 financial statements; board approves audit 7-0
Summary
External auditor John DeBurrow reported an unmodified opinion on the district—s FY 2025 financial statements, no material weaknesses, and no federal program findings; trustees voted 7-0 to approve the audit for submission to the Texas Education Agency.
An external audit partner reported an unmodified (clean) opinion on Alvin Independent School District—s financial statements for the fiscal year ended June 30, 2025, and trustees voted to approve the audit for submission to the Texas Education Agency.
"We—e issued an unmodified opinion on the district—s financial statements for the fiscal year ended 06/30/2025," auditor John DeBurrow said, adding there were no material weaknesses, no significant deficiencies in internal control, and no recorded instances of noncompliance under government auditing standards. He also said testing of two major federal programs (the child nutrition cluster and Title I) found no reportable compliance findings, though issuance of a final single-audit opinion is pending publication of the federal OMB compliance supplement.
DeBurrow highlighted fiscal-year financials from the annual comprehensive financial report: general fund revenues of $372,500,000, expenditures of $344,700,000, and an increase in general fund balance of $10,100,000. He reported a debt service fund balance of $36,500,000 and a capital projects fund balance of $146,900,000 (an increase the auditor described as timing related to bond issuance).
Following the presentation Trustee Garza moved to approve the 2024-25 financial audit and Trustee Humbert seconded; the vote to approve carried 7-0. The district will submit the audit to the Texas Education Agency as required by law.
