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Katy ISD audit yields clean opinion; district reports $412.9M net position
Summary
External auditors gave Katy ISD an unmodified (clean) opinion on the FY2025 financial statements and found no material weaknesses or federal findings. Auditors reported total assets of $4.2 billion, net position of $412.9 million, and noted pension and OPEB liability figures disclosed in the ACFR.
An external audit presented Monday to the Katy ISD Board of Trustees found the district’s FY2025 financial statements materially correct and free of material weaknesses.
Whitley Penn audit partner Lupe Garcia told trustees the firm issued an unmodified opinion for the annual financial statements and reported no material noncompliance or internal control findings. The federal single audit of major programs also produced no reportable findings for the four major programs tested.
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