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Bastrop ISD receives clean audit, posts healthy fund balances
Summary
The district’s FY2025 audit returned an unmodified opinion with no material weaknesses; General Fund revenue was $138.0M, expenditures $130.8M, and the district reported a $50.8M fund balance.
Auditors from Whitley Penn presented Bastrop ISD’s Fiscal Year 2025 financial statement and federal single audit to the board on Nov. 18; the firm issued an unmodified (clean) opinion with no material weaknesses, significant deficiencies, or compliance findings for major federal programs including ESSER and Title I, Part A.
The audit presentation included financial highlights: General Fund revenues of $138.0 million and expenditures of $130.8 million, increasing the General Fund balance to $50.8 million. The Breakfast and Lunch Program reported a $4.2 million fund balance and the Debt Service Fund ended the year with $29.0 million. Total district assets were $763.4 million, liabilities $667.6 million, and net position $95.8 million.
Board Member Chris M. Dillon moved and Dr. Matthew Mix seconded approval of the audit; the motion passed unanimously by a show‑of‑hands vote.
