Audit committee receives clean opinion on Conroe ISDACFR, recommends report to board

Trustee Dawson, chair of the Conroe Independent School District audit committee, asked the panel to consider Weaver partner Sarah Roberts to present the district's fiscal 2025 audit findings. Roberts said Weaver issued "a clean, unmodified opinion on the financial statements" and a clean opinion on federal-award compliance, and that the firm found no material weaknesses, significant deficiencies or reportable uniform-guidance findings for the year.

Roberts told trustees the ACFR includes more than the basic financial statements: notes, required supplementary information and a statistical section. She highlighted two items that shape the headline numbers: liabilities for the Teachers Retirement System and other post-employment benefits that produce a negative unrestricted net position and the district's liquidity in the general fund. "Those liabilities get brought onto the district's financial statements and the net effect of that is about $37 million negative," Roberts said, adding that the district's net position rose by about $18.7 million in 2025 amid total assets above $2 billion.

On fund-level results, Roberts said total general-fund balance was $164 million at fiscal year-end, with $155 million unassigned (94.6 percent of fund balance). Total general-fund expenditures were about $721 million and the net change in fund balance was about a $1 million decrease. Trustees questioned whether the state requires a specific reserve; Roberts and district staff said there is no state-required reserve for fund balance but rating agencies and the district monitor targets (the district's stated goal is roughly 2025).

After Roberts presented the findings, the committee voted to recommend the district's 2025 Annual Comprehensive Financial Report (ACFR) be presented to the full Board of Trustees at its next regular meeting on Jan. 20. The motion to recommend the ACFR passed on a committee voice vote.