Eagle Pass ISD trustees accept clean financial audit showing $6.4M surplus

Trustees for the Eagle Pass Independent School District voted Dec. 9 to accept the district's annual financial audit for the year ended Aug. 31, 2025.

Johnny Carter, the lead auditor, told the board the firm issued a clean opinion and reported no findings, adjustments or difficulties in performing the audit. "It is a clean opinion," Carter said during his presentation, which showed consolidated assets of about $185.3 million and a change in net position — a surplus — of $6.4 million for fiscal year 2025.

Carter reviewed major balance-sheet components the board was shown: cash and cash equivalents of roughly $85.7 million; property tax receivables of about $7.9 million; due-from-other-governments (federal and state grants) near $16.1 million; fixed assets (net) of about $17.9 million; and long-term debt (bonds) of about $37.7 million. He also identified net pension and other post-employment benefit liabilities and deferred inflows related to pension accounting.

Board President Jorge Herrera called for a motion after the presentation. Trustee Hilda P. Martinez moved to approve the audit; Trustee Christopher Hiller seconded. When asked, the board registered no opposition and the motion passed.

Why it matters: a clean audit indicates the district's financial statements were presented fairly under U.S. generally accepted accounting principles and that auditors identified no reportable compliance problems in the federal programs compliance audit. The figures provide the community and district leaders a current fiscal snapshot ahead of planning and bond-related discussions.

Next steps: the audit will be filed as part of the district's financial records. District staff and the board may use the financials as background during upcoming budgeting and bond-planning deliberations.