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Bastrop ISD earns TEA FIRST 'A' and approves 2024-25 annual audit; fund balance highlighted
Summary
CFO Mike White and auditors reported a TEA FIRST rating of A (96/100) for FY24 and presented the 2024-25 annual audit with an unmodified opinion; the board approved the audit and noted a general fund unassigned balance of $37 million and total fund balance of $50.8 million.
Bastrop ISD's finance team and auditors told the board the district earned a TEA FIRST rating of A ("superior achievement") with 96 out of 100 possible points for the 2023-24 reporting cycle, and the board approved the 2024-25 annual audit after the presentation. "I will be happy to announce that our rating is a superior achievement, an A, with 96 out of a 100 points," CFO Mike White said. Auditor Addison Ebarb of Whitley Penn confirmed the firm issued an unmodified (clean) opinion on the district's financial…
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