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Keller ISD receives clean audit; district posts $4.2 million positive change to fund balance
Summary
Independent auditors issued an unmodified opinion on Keller ISD's fiscal 2024–25 financials and single-audit programs (Title I, Title II, ARP/ESSER); the district reported a $4.2 million positive change to fund balance, driven in part by an unanticipated $3 million taxable value audit recovery.
Weaver LLP presented the Keller ISD annual comprehensive financial report for the fiscal year ended June 30, 2025, to the district's board on Nov. 20 and issued an unmodified (clean) opinion, the firm's engagement partner said.
"We have issued an unmodified opinion or a clean opinion, if you will, which is the highest level of assurance that we as your independent auditors can provide," Jackie Gonzales told trustees, and reported no material weaknesses, significant deficiencies, or compliance findings in internal controls related to the financial statements or the three major federal programs audited (Title I Part A, Title II Part A, and ARP/ESSER).
Gonzales summarized key results: total district assets of about $207.6 million, liabilities of roughly $52.5 million, and a total fund balance of about $151.9 million. For the general fund, she reported revenues of about $324.8 million and expenditures of approximately $320.6 million, yielding an increase in general fund balance of roughly $4.2 million. She told trustees that a taxable-value audit conducted by the state produced roughly $3.0 million of unexpected revenue that contributed to the positive variance.
Following the presentation, trustees praised the administration and audit team. The board approved the ACFR as presented by unanimous vote (6–0).
Administration said the audit and related materials will be distributed to trustees and that the auditor will appear again before planning committees for additional discussion.
