External audit gives New Caney ISD clean opinions; fund balance and federal-aid figures reported
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Summary
An external auditor reported unmodified (clean) financial and federal single-audit opinions for New Caney ISD, no material weaknesses, a fund balance of $6.7 million and about 107 days of operating expenditures in assigned fund balance; the district remains a low-risk auditee. Federal program testing covered special education and Title I, representing about $7 million of $21 million in federal expenditures.
An independent auditor told the New Caney ISD board the district received unmodified (clean) opinions on both the financial statements and the federal single audit and that the auditor identified no material weaknesses or significant deficiencies in internal control.
The auditor said the district spends more than $750,000 in federal awards and therefore requires a federal single audit. The audit tested the special education cluster and Title I programs; together the auditor said those two programs account for about $7,000,000 of approximately $21,000,000 in total federal expenditures reported for the district.
On fund balance, the auditor reported a general-fund unassigned fund-balance amount and a total federal fund balance of $6,700,000; the auditor calculated approximately 107 days of operating expenditures in the assigned fund balance, above guidance often cited as a 90-day target for fiscal resilience. The auditor described the district as a "low risk auditee" because it had no internal-control deficiencies identified during the testing period.
The presentation included budget-to-actual information for the general fund and noted no negative variances at the functional level approved by the board. The auditor thanked the district finance staff by name and commended timely responses to information requests.
The transcript does not include full numeric detail for every line item, and the auditors oral presentation referenced packets and slides (the auditor said "I'll include my presentation"); board members were invited to review the written report for complete schedules and notes.
What happens next: The report will be included in board materials; the district will continue routine financial oversight and publish the complete audit report for public review per usual practice.