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Floresville ISD board accepts clean 2023-24 audit; general fund down about $541,000
Summary
Auditor Derek Walker reported an unmodified (clean) opinion on the district's 2023-24 financial statements, noting general-fund revenues just under $40 million, expenses of $40,000,003.66 and a reported general-fund decrease of about $541,000; the full-district ending fund balance was reported at about $20.5 million.
Derek Walker, audit partner with Coleman Horton & Company, told the board the 2023-24 financial statements received an unmodified ("clean") opinion. "This is also known as an unmodified or a clean audit opinion," he said, explaining that the opinion means the financial statements present fairly in all material respects under U.S. generally accepted accounting principles.
Walker reviewed key fund-balance schedules: the general fund had total revenues just under $40,000,000 and total expenses of $40,000,003.66, producing a change in fund balance of a decrease of approximately $541,000 and an ending general-fund balance reported as about $11,000,003.25. The debt-service fund increased by a little over $1,000,000 to roughly $7,200,000, and other funds showed smaller decreases; Walker summarized the district-wide ending fund balance at about $20.5 million. He noted the audit had no compliance findings that required reporting to TEA or federal agencies.
Administration recommended approval of the audit and the board voted 7-0 to accept the audit and authorize execution of the board certificate required for submission to TEA.
