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Frenship ISD board accepts clean audit showing bond-driven growth in assets and liabilities
Summary
Auditors delivered an unmodified (clean) opinion on Frenship ISD’s fiscal-year financial statements and the board voted to approve the report; the auditor attributed year-over-year increases in assets and liabilities largely to a 2025 bond issuance.
Frenship ISD trustees voted to approve the district’s annual audit for the fiscal year ended Aug. 31, 2025, after auditors reported a clean opinion and no material weaknesses.
Jeremy Stevens of auditing firm I. Bailey told the board the auditors found “the financial statements present fairly and … the financial position of the district,” describing the report as an unmodified, or clean, opinion. Stevens said there were no adjusting journal entries as a result of audit procedures and no material weaknesses or significant deficiencies in internal…
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