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East Central ISD audit preview: fund balance fell $7 million and auditors to present findings next week
Summary
District finance staff told trustees the 2024–25 independent audit will be presented next week; preliminary remarks noted the district’s fund balance fell by $7,000,000 year-over-year, in part because the district added about $2,000,000 to its health program, and auditors will review fund components and internal controls under GASB and TEA requirements.
At the Jan. 8 workshop, Speaker 4 said a representative from Coleman and Wharton Associates will present the district’s 2024–25 audit at next week’s meeting and that the formal audit will be a public action item.
Speaker 2 (Judy) walked trustees through the audit process, describing months of document collection (questionnaires, invoices, payroll…
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