Bastrop ISD board approves FY25 audit; district earns TEA 'A' financial integrity rating

The Bastrop Independent School District board approved the 2024–25 annual audit after a presentation from auditors Whitley Penn and district finance staff.

CFO Mike White reviewed the Texas School Financial Integrity rating system and the district's results, saying BISD earned a "Superior Achievement" A rating with 96 out of 100 points based on 2023–24 data. "I will be happy to announce that our rating is a superior achievement, an A with 96 out of a 100 points," White said.

Addison Ebar, senior manager with Whitley Penn, presented the audit work and said auditors issued an unmodified (clean) opinion on the financial statements for fiscal year 2025 and found no material weaknesses or significant deficiencies in internal control. She noted the federal single audit remained in draft pending the federal compliance supplement, but that ESSER and Title I Part A — the major federal programs tested — received unmodified compliance opinions.

Key figures presented to the board included total assets and deferred outflows of about $763.4 million and capital assets (net) of roughly $425.3 million. The general fund revenues were reported at about $138.0 million with total expenditures near $130.8 million; fund balance as of June 30, 2025, was reported at $50.8 million, with $37.0 million unassigned. White and Ebar attributed the swing in cash and investments to capital project spending and capitalization adjustments auditors reviewed.

After discussion, a board member moved to approve the audit report; the motion carried by voice/hand vote.

The district said the audit includes a restatement to add previously uncapitalized construction in the government‑wide statements (roughly $4–5 million), which management corrected during the audit. Auditors said that restatement had no effect on fund‑level balances and that management's accounting judgments were reasonable.