Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditor: Perryton ISD has healthy reserves, daycare program runs a $165,000 loss; no fraud found
Summary
At a Jan. 4 Perryton ISD meeting, the external auditor reported a $8,692,005.59 general fund balance (about 4.75 months), recommended a six-month reserve goal, said the district's daycare lost $165,000 before transfers, and stated auditors found no fraud; the Texas Education Agency will increase federal compliance checks.
PERRYTON 'Auditor (Speaker 2) presented Perryton ISD's annual audit at the board's Jan. 4 meeting, reporting a fund balance of $8,692,005.59, no detected fraud and an operating loss of $165,000 in the district's daycare program. The auditor said state and federal reviewers, including the Texas Education Agency, will be scrutinizing federal fund usage more closely in the coming months.
The auditor described the independent auditors' report as a clean or modified opinion and reviewed the district's revenue mix: state aid about 35.1% of revenue, property taxes about 38.5%, federal operating/grant funds about 15.9%, and investment earnings about 3.8%. On expenditures, instruction accounted for roughly 48.5% of spending (the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
