Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Finance topic
No spam. Unsubscribe anytime.
VERNON ISD board approves clean audit, reports $16.5 million fund balance
Summary
The Vernon ISD board on Jan. 12 accepted the fiscal year 2024-25 audit, which delivered a clean opinion and reported a $16.5 million fund balance (about 7.5 months of operating expenses) and 99.7% tax collections.
The Vernon Independent School District Board of Trustees on Jan. 12 approved the district's fiscal year 2024-25 financial audit after a presentation by auditor Mike Edgin.
Edgin, of Edgin, Parkman, Fleming & Fleming CPAs, reported a clean audit opinion and said the district closed the year with a $16.5 million fund balance, roughly equal to 7.5 months of operating expenses. The district's tax collections for the year were 99.7 percent.
Trustee Amanda Lehman moved to accept the audit; Trustee Carrie Hawkins seconded the motion. The board voted unanimously to approve the audit.
The approval completes the formal acceptance of the auditor's report for FY 2024-25. The board did not attach any conditions to the approval and did not request immediate follow-up actions during the open meeting.
The district will include the audit report in its public records and in materials provided to stakeholders; no further board action on the audit was recorded at the meeting.
