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External auditors give GUNTER ISD clean opinion, highlight fund balances and pension trends
Summary
Hankins East Dove auditors presented the 2023–24 financial audit to the GUNTER ISD board, reporting a clean/unmodified opinion, positive budget variances and no grant compliance findings; auditors highlighted the district's general fund balance ($1,050,319) and longer-term pension liability trends.
Representatives from Hankins East Dove Audit Firm presented GUNTER ISD's 2023–24 audit and described the structure of the report, including fund financial statements, federal-expenditure schedules and government-wide statements. The auditors reported a clean opinion and no findings in the grant-compliance area.
"We enjoyed working with Allison, mister Martell, and the whole team," an audit representative said while thanking district staff for cooperation. The auditor pointed board members to key pages: the general fund balance at year-end ($1,050,319), debt-service and capital-project fund results, budget-to-actual comparisons (noting a positive expenditure variance and positive revenue performance), and federal-expenditure schedules showing roughly $2.9 million in federal grants plus additional general-fund-shared amounts that brought federal-related spending to about $3.9 million.
The auditors also reviewed the government-wide statements and a ten-year view of pension liabilities, noting the district's net pension liability improved by about $2 million year over year but that shifting actuarial assumptions have altered the district's proportionate share (rising from roughly 25% in 2015 to 55% in 2024). The presenter said many pension numbers are driven by TRS actuarial estimates and outside the district's direct control.
Board members asked clarifying questions; the auditors reiterated there were no material weaknesses reported in the audit work and encouraged trustees to review the printed report pages for details. The auditors distributed copies of the report and invited follow-up questions by email.
