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Ysleta ISD receives clean 2025 audit; management letter notes non‑cash budget variance
Summary
Auditors issued an unmodified (clean) opinion on Ysleta ISD’s 2025 financials and tested federal programs without compliance findings, while a management letter flagged a $1.4M on‑behalf variance. The board accepted the annual compliance report as part of the consent agenda.
Auditors from Whitley Penn told the Ysleta Independent School District Board of Trustees that the district earned an unmodified—or “clean”—opinion on the fiscal year 2025 financial statements and on the federal programs audited this year.
Selena Cederaceres, Whitley Penn’s representative, said the audit included IT controls, PEIMS validation and tests of Title I, the Special Education cluster and other federal awards. She said auditors found no internal‑control findings related to financial reporting or compliance. “You are receiving, you have earned an unmodified opinion,” she said.
The audit did include a management letter about a $1,400,000 variance tied to on‑behalf expenditures—book entries that recognize state contributions such as TRS pension and OPEB and Medicare adjustments, not cash outlays, Cederaceres said. She noted the variance appears in note disclosures and likely will prompt a comment from the Texas Education Agency, but that it is not material to the financial statements.
The presentation also summarized balance‑sheet totals Cederaceres attributed to the district: total assets and deferred outflows of roughly $1.3 billion, capital assets around $1.0 billion, cash and investments of about $166 million and receivables of about $51 million. She reiterated that net pension and OPEB figures are the district’s proportionate shares reported under GASB 68/75 and are not immediate cash obligations.
Chief Finance & Operations Officer Lindley Cambern followed audit discussion later in the agenda with the FIRST (Financial Integrity Rating System of Texas) report: Ysleta earned a B (86/100). Cambern said the district lost two of the ten points related to cash‑on‑hand coverage; she reported the district had about 63 days of coverage at the measurement date. Required disclosures (superintendent contract and reimbursements) were linked on the district’s financial transparency page, she added.
The board approved the consent agenda, which included acceptance of the annual financial compliance report for the year ending June 30, 2025, by an electronic vote of 5‑0.
Looking ahead, administration and auditors said the management letter and note disclosures should be monitored and that staff will continue to provide updates as the financial stabilization plan is implemented and as TEA review/comment letters are received.
