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Annual audit clean but trustees warned of a multi‑million dollar deficit and year‑ahead cuts
Summary
External auditors issued an unmodified (clean) opinion on Liberty Hill ISD's FY24 annual financial report, but district leaders told trustees they are forecasting a $7.5 million deficit and outlined $4.6 million in required reductions for next year absent new revenues.
Liberty Hill ISD's external auditors presented the district's FY24 Annual Financial Report and gave an unmodified (clean) opinion, but administrators told trustees the district faces near‑term budget pressure requiring multi‑million dollar adjustments.
Audit manager Clayton Rogers of Patillo, Brown & Hill said at the meeting that "everything was good" and that the auditors rendered an unmodified opinion on the…
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