STISD gets excellent audit review for 2017-18

STISD Gets Excellent Audit Review for 2017-18
Posted on 12/20/2018
Photo shows STISD board members and administrators around table and text that tells STISD received excellent audit report for 2017-18Tony Juarez, on behalf of Pattillo, Brown & Hill, L.L.P., presented the STISD Annual Financial Report for the year ended Aug. 31, 2018, to the STISD board of directors at the special called board meeting on Dec. 12.

Each fall, an independent auditor reviews the district's financial statements from the previous fiscal year as required by state and federal laws. Once the audit has been completed, STISD follows through with any audit recommendations made.

According to the report, STISD received a clean audit for the 2017-18 school year, with no findings of weaknesses.

Since the last audit, STISD has continued to maintain a healthy fund balance. The district currently holds a fund balance equivalent to six months of operating cash, which would allow it to continue operating for that long, if it stopped receiving funding.

The district has also maintained a strong system of internal control and remained in compliance with all federal and Texas Education Agency (TEA) guidelines.

To see the 2017-18 Financial Report, click here.