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Lake Travis ISD board approves clean audit for fiscal year ending Aug. 31, 2025
Summary
Trustees approved the districtannual financial report after auditors issued an unmodified (clean) opinion; auditors reported $3.5 million in federal awards tested and no material weaknesses. The motion to adopt the report passed by voice vote.
The Lake Travis Independent School District Board of Trustees voted to approve the districtannual financial report for the fiscal year ended Aug. 31, 2025, after the districtexternal auditors delivered a clean, unmodified opinion.
"In our opinion the accompanying financial statements present fairly, in all material respects, for the district as of year end," audit supervisor Cameron Aaron said during his presentation, summarizing the auditors' conclusion. Aaron said auditors found no material weaknesses or control deficiencies that would affect the audit opinion.
Aaron told trustees that the district reported about $3,500,000 in federal awards for the year and that the audit team tested the special education (IDEA B) cluster (nearly $2,000,000 in expenditures) under OMB uniform guidance; he said the single-audit work likewise produced no material findings.
Trustees asked several questions about the audit process and timing, including confirmation procedures, the recent government shutdownrelated delays in federal guidance, and how the auditors coordinate with district finance staff. Aaron described a planning period followed by two to three weeks of field work and bank and tax-office confirmations.
The board moved and seconded the motion to approve the audit report. Trustee Rob moved to approve the report; Phil seconded. President White called the vote and recorded that the motion carried.
The presentation also highlighted financial metrics: auditors discussed a year-over-year net change in the general fund balance and called out an ending general fund balance figure presented in the packet. Board members used the discussion to raise follow-up questions about taxable valuation trends, state hold-harmless funds tied to recently approved homestead exemptions, and savings related to defeased debt.
No additional formal action was taken on audit findings; trustees thanked auditors and staff for the work. The district will proceed to incorporate the audited financials into its ongoing budget planning.
