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Independent auditor issues clean opinion for Beaumont ISD; fund balance remains strong
Summary
Whitley Penn presented an unmodified (clean) opinion on Beaumont ISD's FY2025 financial statements, reporting a $68 million ending fund balance (about 132 days of operating funds), $403 million in capital assets and no internal control findings; the board accepted the audit.
Beaumont ISD trustees accepted an independent audit Tuesday that gave the district an unmodified — or “clean” — opinion on its fiscal 2025 financial statements and found no internal control findings, the auditor said.
"I'm pleased to report that you've received an unmodified opinion over your financial statements," the auditor, Selena Serres of Whitley Penn, told the board. The audit covers the period July 1, 2024, through June 30, 2025.
Key highlights presented by the auditor and the chief financial officer included: capital assets, net of depreciation, of about $403 million; cash and investments of roughly $94 million; receivables of about $36 million; total liabilities near $346 million (including $182 million in bonds payable); and an ending general fund balance of $68 million. The auditor said that, at current spending levels, the fund balance represents about 132 days of operating funds — well above the Texas Education Agency's 75‑day requirement and near the Government Finance Officers Association recommendation of 90 days.
The auditor also reported that the district spent roughly $39.6 million in federal grants during the year and that there were no material weaknesses, significant deficiencies, or management comments requiring formal disclosure.
Why it matters: A clean audit and healthy fund balance provide reassurance to trustees, lenders and grantors that the district’s financial reporting and controls are reliable even as the district faces a separate governance challenge from the Texas Education Agency.
Next steps: The board accepted the audit report by unanimous vote. Auditors and district finance staff remain available to answer follow‑up questions and to support grant and budget planning for the fiscal year ahead.
