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Castleberry ISD approves clean 2024-25 audit after auditors note GASB restatement
Summary
Board accepted the 2024-25 annual financial audit, which auditors issued with an unmodified (clean) opinion, disclosed a GASB accounting-principle restatement of about $1.7 million for carryforward compensated absences, and highlighted a roughly $7 million swing in net change in fund balance driven largely by a bond issuance.
The Castleberry Independent School District Board of Trustees voted unanimously to approve the district's 2024-25 annual financial audit, accepting an auditor's report that concluded the district's financial statements "present fairly in all material respects." Damon Cooper of audit firm Hagenes Eastup told the board the firm issued an unmodified opinion and reported no material weaknesses or findings.
Cooper said the audit includes a new GASB accounting-principle disclosure related to…
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