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External auditors deliver clean opinion on Sheldon ISD finances; general‑fund shortfall noted
Summary
External auditors presented an unmodified (clean) opinion on the district’s FY2024 financial statements and reported total assets of $632.1 million and general‑fund revenues of $121.0 million versus expenditures of $123.6 million, resulting in a modest decrease in fund balance for the year.
The board received the district’s annual audit presentation from the external audit team, which reported a clean (unmodified) opinion on the 2024 financial statements and no material weaknesses in internal control.
The auditors described the two phases of their work — controls and compliance testing earlier in the year, followed by substantive testing after the books closed — and said they did not identify noncompliance or questioned costs in their single‑audit testing of federal programs. The three major federal programs reviewed were the child‑nutrition cluster,…
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