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Prosper ISD board accepts clean 2024-25 audit, board told fund balance grew by $15 million
Summary
The Prosper ISD Board of Trustees voted unanimously to accept the district's 2024-25 annual financial audit, which auditors issued an unmodified (clean) opinion on; presenters reported a $15 million increase to the district's fund balance and a 99.67% tax collection rate.
The Prosper ISD Board of Trustees voted unanimously on Jan. 20 to accept the district's 2024-25 annual financial audit after a presentation from district finance staff and the auditor.
District finance staff summarized the audit, saying the general fund recorded $362,500,000 in revenue and $351,000,000 in expenditures for the 2024-25 fiscal year. The presenter said the district added $15,000,000 to its fund balance during the year, bringing the overall fund balance to $183,000,000 and noting designated commitments including…
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