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Independent auditors give Arlington ISD an unmodified opinion; general fund ends year with $270 million
Summary
Whitley Penn issued an unmodified audit opinion for Arlington ISD's FY2025 financial statements; the district reported $591M in general fund revenues, $634M in expenditures, a $43M transfer to close a deficit and an ending fund balance of $270M (≈175 days).
Independent auditors presented the Arlington ISD annual comprehensive financial report (ACFRA) and an unmodified opinion for fiscal year 2025 during the Nov. 20 board meeting.
Lauren Eden, audit manager for Whitley Penn, told trustees the audit included government‑wide and fund‑level testing, IT and payroll work, and federal program testing (Title I and ESSER III). The auditors reported no internal control findings related to financial reporting or compliance and issued an unmodified opinion on both the financial statements and the draft single audit (the single audit release remains contingent on the federal compliance supplement release).
Key figures provided by the auditors: government‑wide assets and deferred outflows of roughly $2.4 billion; cash and investments of about $805 million; capital assets net of depreciation near $1.3 billion; receivables of roughly $97 million. On the operating side, general fund revenues were approximately $591 million, expenditures about $634 million, and a $43 million board‑approved transfer from the local capital projects fund eliminated an operating deficit. The general fund closed with a $270 million balance, equivalent to about 175 days of operations.
Trustees asked for clarifications and received assurances that single‑audit procedures were complete and an unmodified opinion is anticipated once OMB releases the compliance supplement.
The board voted unanimously to approve the ACFRA as presented.
