Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Audit topic
No spam. Unsubscribe anytime.
Fort Sam Houston ISD board adopts clean audit, approves November financials and investment report
Summary
The Fort Sam Houston ISD Board unanimously adopted an unqualified audit opinion for fiscal year ending Aug. 31, 2024, and approved the November 2024 financial report and the quarterly investment report; auditors and finance staff were commended for their work.
The Fort Sam Houston ISD Board of Trustees unanimously adopted the district's annual audit for the year ending Aug. 31, 2024, after a presentation from Coleman, Horton & Company, LLP.
"We appreciate the hard work and attention to detail from Ms. Novak and her team," Derek Walker, managing partner at Coleman, Horton & Company, LLP, said while presenting the firm's unqualified (clean) opinion on the audit. Assistant Superintendent Julie Novak also commended payroll and accounting staff for their year-round adherence to fiscal procedures.
Following the audit presentation, the board approved the November 2024 Financial Report and the Quarterly Investment Report for the period Sept. 1 to Nov. 30, 2024. Each motion to approve was moved, seconded and carried unanimously.
The board's actions complete routine fiscal-year procedures and leave the district with an audit opinion commonly used by bond underwriters and grantors as evidence of sound financial reporting. No dissenting votes or conditions were recorded in the minutes.
Looking ahead, Novak said the district has posted requests for qualifications and proposals related to upcoming capital projects, with proposal openings scheduled Jan. 13, 2025.
