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Round Rock ISD board accepts clean FY2025 audit; auditors cite no material weaknesses
Summary
External auditors from Whitley Penn reported an unmodified (clean) opinion on fiscal year 2025 financial statements, no material weaknesses in internal controls, cash and investments of roughly $561.8 million (driven by bond proceeds) and a general fund unassigned balance of $54.4 million; trustees approved the audit report 6–0.
The Round Rock ISD board accepted the districtfiscal year 2025 annual financial audit after an external presentation by auditors from Whitley Penn.
The auditors reported an unmodified (clean) opinion on the financial statements and said their procedures identified no material weaknesses or significant deficiencies in internal control. Major federal programs tested (Title I, Title II and Title III) showed no question costs or reportable noncompliance in the procedures completed to date; auditors said one federal compliance supplement item was awaiting federal issuance and that the district will receive the single‑audit report when that work is complete.
Key financial highlights presented included $561.8 million in cash and investments (an increase driven by bond proceeds), capital assets of about $992.3 million (net of depreciation), and bonds payable and premiums of just over $1 billion. The district ended the year with net position of $95.8 million. General fund expenditures totaled approximately $495.9 million, with instruction and instruction‑related services comprising roughly 63% of that spending. The general fundunassigned fund balance was presented as $54.4 million (about 11% of expenditures).
Auditors said they encountered no disagreements with management and no material audit adjustments were required. After the presentation, Trustee Weir moved to approve the annual audit report; the motion passed 6–0.
The auditors noted the district implemented a new accounting pronouncement related to compensated absences and reminded trustees that estimates — particularly state aid estimates — can change in subsequent reporting periods.
