External auditors give La Joya ISD an unmodified opinion; one significant deficiency noted
Get AI-powered insights, summaries, and transcripts
Sign Up Free
Summary
Carr, Riggs & Ingram presented the district's 06/30/2025 audit, issuing an unmodified opinion on financial statements and federal grants, reporting a $7 million GASB 101 compensated absence adjustment to beginning net position, and identifying a single significant deficiency related to excess expenditures over appropriations with planned corrective actions.
External auditors presented La Joya ISD's comprehensive audit for the fiscal year ended June 30, 2025, and delivered an unmodified opinion on the district's financial statements and federal program compliance.
Esmeralda Iniguez and Carla Gomez of Carr, Riggs & Ingram told the board the unmodified opinion is the best available and that there were no material weaknesses. The audit required the district to adopt GASB 101 for compensated absences, which led to an adjustment of approximately $7,000,000 to beginning net position. The auditors described one significant deficiency relating to excess of expenditures over appropriations in certain functions and noted the district has proposed corrective actions (detailed on page 182 of the audit report).
The audit summary showed total governmental assets of about $607,000,000 and a government-wide net position of approximately $141,900,000. In the general fund, revenues budgeted at $279,600,000 exceeded actual receipts (actual $302,200,000), and expenditures ended below the amended budget with a positive change in fund balance of about $14,800,000 rather than the originally budgeted negative $14,700,000.
Auditors also reported on federal awards: the district received $65,600,000 in federal grants in 2025, with Title I ($15,500,000) and Supporting Effective Instruction state grants ($1,700,000) selected as major programs; the single-audit conclusions were unmodified and returned a low-risk federal designation.
Superintendent Doctor Sorensen and Chief Financial Officer Merjet Crespo told the board the audit reflects strengthening internal controls, ongoing corrective actions (monthly budget amendments and increased monitoring), and a commitment to build durable systems to prevent future compliance findings.