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Independent auditor gives South San Antonio ISD a clean opinion; board accepts FY2025 financial report
Summary
Weaver Tidwell presented the FY2025 audit with a clean opinion, one noncompliance finding (child nutrition cluster) and standard GASB disclosure changes; the board accepted the audit and heard monthly financials and a quarterly delinquent tax report from outside counsel.
Rebecca Darling of Weaver Tidwell, the district's independent financial statement auditor, presented required audit communications for fiscal year 2025. Darling said the audit opinion (dated Feb. 3) covered the financial statements ending Aug. 31, 2025 and reported no material weaknesses or significant deficiencies in internal control. She noted some nonmaterial adjusting entries were made and disclosed one noncompliance item reported in the compliance section related to a federal program (the child nutrition cluster), which does not rise to a material finding but is reported per auditing standards.
Darling also discussed the implementation of the new GASB standard referenced in the presentation (compensated absences under GASB Statement 101), which increased a long-term liability disclosure on the government-wide statements but did not affect fund balances or budgeting. She walked trustees through audit risk assessments (revenue recognition and management override of controls) and affirmed the audit firm's independence and the district's cooperative response to audit requests.
Following the audit, CFO Stan Osborne presented the January 2026 budget-to-actuals update: year-to-date revenues were approximately 55% collected and operating expenditures trailed expectations (~35% of budget spent) with anticipated debt-service payments scheduled in February that will affect upcoming reports.
Later in the meeting outside counsel Ronald Roachcha summarized the quarterly delinquent tax-collection report for Oct.'Dec. 2025. He described the collection process (appraisal, assessment, collections and litigations), categories of delinquencies (bad addresses, bankruptcies, lawsuits, over-65 deferrals) and specific collection activity: a pair of properties under litigation accounted for roughly $463,000 of delinquencies for tax year 2023; combined delinquent balances on several properties across multiple years approached approximately $946,000 while the district continues to pursue payment plans, targeted mailings, outbound calls, litigation and tax sales where appropriate.
Trustees moved and approved the auditor's required communication and accepted the FY2025 audit by roll call. The board also heard the monthly financial report and the tax-collection briefing; no immediate budget amendments were adopted at the meeting.
Next steps: Auditors will finalize the annual financial report for distribution; district staff will present the February financial update (including scheduled debt payments) and continue coordinating with external counsel on delinquent tax enforcement.
