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Independent auditors give Hutto ISD an unmodified opinion on FY24 financial statements
Summary
Whitley Penn reported an unmodified (clean) opinion on Hutto ISD's FY23–24 financial statements and the federal single-audit, flagged major federal programs (Special Education Cluster and ESSER) and presented key liabilities and fund-balance figures; the board approved the annual financial report.
Lord Lynch, senior audit manager with Whitley Penn, told the Board of Trustees that the firm issued an unmodified (clean) opinion on the fiscal year 2023–24 financial statements and Federal Single Audit and reported no material weaknesses or significant deficiencies in internal control. “we do issue an unmodified or clean opinion,” Lynch said when summarizing the auditor's report.
The audit presented snapshots of the district's finances: government‑wide assets and deferred outflows totaling $729.3 million, cash and investments of $248.4 million, capital assets net of depreciation of $449.7 million, and total liabilities and deferred inflows about $770.4 million. The audit noted $637.8 million in bonds payable and growing pension and OPEB liabilities; the general fund revenues for FY24 were reported as $114.5 million with an ending general‑fund balance of approximately $41.7 million. Following the presentation, the board moved to approve the annual financial report as presented.
