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External auditor issues unmodified opinion on Alvin ISD FY2025 finances; board approves audit
Summary
Weaver and Tidwell LLP presented an unmodified opinion on the district's FY2025 financial statements and reported no material weaknesses in internal control; trustees voted 7-0 to approve the audit and authorize submission to TEA.
John DeBurrow, an audit partner with Weaver and Tidwell LLP, told the board the firm issued an unmodified opinion on Alvin ISD's financial statements for the fiscal year ended June 30, 2025, and found no material weaknesses or significant deficiencies in internal control.
"We've issued an unmodified opinion on the district's financial statements for the fiscal year ended 06/30/2025," DeBurrow said, adding that single-audit testing of major federal programs (the child nutrition cluster and Title I) found no reportable compliance findings. He noted the final federal-program opinion awaits the U.S. Office of Management and Budget (OMB) compliance supplement, which had been released in draft at the time of the presentation.
DeBurrow summarized financial highlights from the Annual Comprehensive Financial Report: revenues and expenditures for the general fund, a reported $10.1 million increase in general fund balance for the year, administrative expenses at 2.2% of total expenditures (below state average), and capital projects and debt service fund balances. He also said the district implemented GASB guidance on compensated absences, which required a restatement of beginning net position at the government-wide level.
After the presentation, Trustee Garza moved to approve the FY2024-25 financial audit as presented; Trustee Humbert seconded and the vote carried 7-0. The district will submit the audit to the Texas Education Agency as required.
