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Auditors deliver unmodified ('clean') opinion; district fund balance declines $726,000
Summary
External auditors reported an unmodified (clean) opinion on Brackett ISD’s 06/30/2025 financial statements, noted no major federal‑program compliance findings, and reviewed revenues (~$8.7M), a net fund‑balance decrease (~$726,000) and an ending general‑fund balance of about $5.3M.
An external presenter (S5) delivered the district’s fiscal year audit for the year ending June 30, 2025, and stated the auditors issued an unmodified or "clean" opinion on the financial statements and internal controls.
"In our opinion, we believe that they are, they represent fairly, ... an Unmodified or Clean Audit opinion," S5 said while summarizing audit practices used and the conclusion reached. The auditor reviewed key numbers: general‑fund revenues near $8,700,000, transfers out (about $138,000) to support food service, a net change in fund balance decreasing by $726,000, other funds ending near $153,000, and an ending total district fund balance described in the presentation at roughly $5.3 million.
The presenter also said the audit of major federal programs found no reportable noncompliance and that the district’s internal control testing led to no required findings that would alter the overall opinion. Trustees asked clarifying questions about schedules and the timing of state aid estimates; the auditor noted state‑aid totals can be finalized later in the calendar year when comptroller numbers are set.
Administrators and trustees were advised to monitor longer‑term revenue pressures, including recapture payments discussed later in the meeting.
