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Greenville ISD audit receives unmodified opinion; board hears budget calendar
Summary
Auditor delivered an unmodified opinion on Greenville ISD's financial statements, reporting a $43.8 million net position and $24.9 million general fund balance; trustees approved the annual financial report and reviewed the timeline for the 2026'27 budget, including a budget workshop March 23.
Mr. Taylor, the auditor presenting Greenville Independent School District's external audit for the year ended June 30, 2025, told trustees the firm had issued an unmodified opinion on the district's financial statements and found no federal single-audit findings.
"First, we have issued an unmodified opinion over the overall financial statements of the district," Mr. Taylor said, and highlighted that the district's net combined position at June 30 was $43,800,000 and the general fund reported a $24,900,000 fund balance for the 12-month cycle.
The auditor also reviewed revenue and expenditure breakdowns, reporting roughly $62,000,000 raised from local, state and federal sources and that expenditures for the year were about $60,244,000. He noted the report includes a schedule of delinquent property taxes totaling about $3,500,000 as of June 30 and explained small variances where expenditures exceeded appropriations did not meet the Texas Education Agency's threshold for corrective action.
Following the audit presentation, district business officer Mr. Martin outlined the district's budget calendar and the public process for 2026'27: campus and department budget meetings through February; superintendent cabinet review in March; a budget workshop (special-called meeting) on March 23; estimates prepared March 30—/3; campus review April 6—10; first budget reading at the April 20 regular meeting; second reading May 18; public hearing and final review June 29; and final tax-rate adoption Aug. 17. Mr. Martin emphasized statutory deadlines tied to preliminary property tax values on April 25 and certified values on July 25.
Trustees approved the annual financial report as presented. The motion to accept the audit report was moved by Miss Stewart and seconded by Miss Tippett and passed on a recorded voice vote.
The board will take additional budget readings and hold public hearings before any final adoption of the 2026'27 tax rate and budget.
