External auditors give Corsicana ISD a clean opinion on 2025 financial statements
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Summary
Patillo, Grama and Hill (auditor listed in meeting packet) presented an unmodified opinion on Corsicana ISD's FY 2025 financial statements and a clean federal single‑audit; the district reported an unassigned general fund balance of about $22.2 million and an actual year‑end deficit of approximately $315,000.
External auditors reviewed the Corsicana ISD annual financial report and gave an unmodified (clean) opinion on the district’s financial statements for the year ended Aug. 31, 2025, the board heard at its January meeting.
Travis Rogers, the presenting auditor, said the independent auditors' report and the federal single‑audit letter both expressed clean opinions. The single audit covered federal programs subject to the $750,000 threshold; the auditors reported no instances of noncompliance that would materially affect those programs.
Financial highlights cited by the auditor include an unassigned general fund balance of about $22.2 million as of Aug. 31, 2025, which the auditor described as roughly 4 to 4.5 months of general‑fund expenditures (the district recorded about $63.4 million in general‑fund expenditures for the year). The auditors also noted a debt service fund ending balance just over $7 million after a bond defeasance of about $1.5 million during the year. The final audited actual net change in general fund balance was reported at about a $315,000 deficit, substantially smaller than the budgeted deficit of about $3.2 million.
Rogers told trustees that the audit procedures included review of internal controls and compliance with grant requirements, and he thanked district business‑office staff for responding to information requests. He invited board members to review the full audit packet for detailed schedules and federal expenditure listings.
The transcript identifies Rogers as the presenting auditor and references the auditors' report in the meeting packet; the firm name appears in the packet as "Patillo, Grama and Hill" in the transcript. The article does not independently verify that firm name beyond the meeting materials.