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Tomball ISD posts clean audit and narrows adopted deficit to about $1.1 million
Summary
CFO Zach Bowles and auditor Greg Peterson reported an unmodified (clean) opinion on Tomball ISD’s 2024–25 financial statements; the district narrowed a previously adopted $9 million deficit to roughly $1.1 million through higher-than-expected interest and property-audit recoveries, with final single-audit items pending federal guidance.
CFO Zach Bowles told trustees Tomball ISD generated roughly $233.5 million in total revenues for the 2024–25 fiscal year, with local sources comprising about 53.5% and state sources about 45%; federal revenue was less than 1% and largely tied to indirect costs on grants. Bowles said the district adopted a $9 million deficit budget in June 2024 and ended the year with an approximate $1.1 million deficit after several offsets, including property-value-audit recoveries and…
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