Victoria ISD board accepts annual financial report after auditor issues clean opinion

The Victoria Independent School District board unanimously accepted the district's annual comprehensive financial report and audit for the fiscal year ending Aug. 31, 2025 after an external auditor presented results showing an unqualified opinion and no material findings.

"We issued an unqualified opinion," said Jacob Bowman of Patillo, Brown & Hill, telling trustees the audit found no material misstatements and no internal-control findings from the procedures performed. Bowman also said federal-grant testing on selected programs showed no questioned costs or material noncompliance.

CFO Michelle Yates told the board the audit and the district's required schedules will be uploaded to the Texas Education Agency and published on the district website. She also introduced the finance staff and noted timelines for TEA submission.

The auditor said the district's general-fund ending balance increased, and that the district had reserves approaching six months of operating spending — above typical guidance. "You had almost 6 months," Bowman said, describing the district's contingency position compared with a statewide trend of tighter reserves.

After questions from trustees about the findings and procedures, Trustee Rick Jones moved to approve the annual comprehensive financial report as recommended by administration; Trustee Bridget Marshall seconded the motion. The board voted 7-0 to accept the report.

Administration said the complete report and statistical exhibits will be posted online and published in the local newspaper to meet statutory notice requirements.