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Auditors give Midway ISD an unmodified opinion; General Fund posts $224,726 surplus
Summary
An audit partner told trustees the 2024–25 financial statements received a 'clean' or 'unmodified' opinion with no findings; the General Fund ended FY 2025 with a $224,726 surplus while the single-audit is pending federal guidance.
Patillo, Brown & Hill audit partner Chris Pruitt presented the district's 2024–25 financial audit and reported an unmodified ("clean") opinion with no findings or material weaknesses. The minutes record that the General Fund finished FY 2025 with a surplus of $224,726.
Pruitt told the board the audit cannot be finalized until the federal government issues the compliance supplement that defines single-audit testing; the auditors do not anticipate changes to the draft. Trustees received the report as information; no formal action was taken at the Nov. 18 meeting.
The audit summary is significant for the district's fiscal transparency and for upcoming budget discussions; board members will see the finalized report once federal guidance arrives and any single-audit steps are completed.
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