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Board approves clean fiscal-year 2024 audit; auditors note $6.3 million capitalization for student laptops
Summary
Laredo ISD trustees voted to accept Weaver's annual financial audit for year ended June 30, 2024, which delivered an unmodified (clean) opinion and reported no material weaknesses; auditors also noted a new capitalization policy that moved about $6.3 million for student laptops to capital assets.
LAREDO, Texas ' The Laredo Independent School District Board of Trustees on Nov. 14 voted to accept the fiscal year 2024 annual financial audit, receiving a clean, unmodified opinion from Weaver audit partner Adam McKean.
McKean told trustees the engagement produced no material weaknesses or significant deficiencies in internal control and that the district's single-audit work on federal programs (including Title I and IDEA) likewise resulted…
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