Abilene ISD receives clean audit; board approves financial compliance report 7-0
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Summary
External auditors gave Abilene ISD an unmodified (clean) opinion on the 2025 financial statements, reported no material weaknesses, and issued clean compliance findings on federal programs; the board voted 7-0 to accept the report.
The Abilene ISD Board of Trustees approved the district's financial compliance report after a presentation from external auditors.
Jeremy Stevens of Eide Bailly summarized the independent audit for the year ended Aug. 31, 2025, telling trustees the firm issued an unmodified (clean) opinion on the district's financial statements and found no material weaknesses or significant deficiencies in internal controls over financial reporting. "In our opinion, the financial statements present fairly, in all material respects, the financial position of the district," Stevens said.
Stevens walked the board through key figures: total assets and deferred outflows of approximately $384.5 million, a year-over-year decrease in assets driven largely by depreciation of capital assets, and a net position of roughly $5.9 million this year (up from about $1 million last year). At the governmental-fund level, he reported an unassigned fund balance near $41.6 million, roughly 3.5 times average monthly general-fund expenditures—above the TEA recommended minimum.
The audit also included the required compliance review of major federal programs. Stevens said the firm tested the special-education and child-nutrition clusters and found the district complied with uniform-guidance requirements.
Following the presentation, a trustee moved to approve the district compliance report "as presented." The motion passed on a roll-call vote, 7-0 (Rodney Goodman, Angie Wiley, Bill Enriquez, Cindy Earls, Blair Schroeder, Danny Waite and Taylor Tidmore voting yes).
