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BRACKETT ISD presents audited finances and adopts 2024-25 tax rate
Summary
Administration presented the district's annual audit, reporting improved fund balances and no internal-control deficiencies; the board approved a proposed total tax rate of 0.6669 per $100 valuation after certification from the state education commissioner.
S1, a staff member presenting the annual audit for BRACKETT ISD, told trustees the audit shows improvements in the district's fund balance and no material weaknesses in internal controls. "In the summer of 2023'the district adopted a budget that included a deficit of $1,400,000," S1 said, and described how amendments and audit adjustments reduced the year'end deficit and left an audited fund balance higher than earlier projections.
The administration recommended approving the official audit report and continuing the district's engagement with Coleman Horton and Company LLP to perform the annual financial audit for the fiscal year ending June 30, 2025. S3 read statutory guidance and notified the board that the commissioner of education had certified the district could adopt its tax rate. Administration proposed a total tax rate of 0.6669 per $100 valuation (the transcript reads the M&O/levy split as 0.606? for maintenance and operations and 0.000 for interest and sinking).
S2 moved to adopt the tax rate and the motion language setting the rate at 0.6669 per $100 valuation was entered on the record. The transcript includes a readback indicating the resolution text was adopted by the board (the motion text included cents allocated for maintenance and operations and zero cents for debt service). No roll-call vote tally was recorded in the provided transcript.
