By PETE BANDA
Special to the NEWS
The San Benito CISD Board of Trustees held a special meeting last week where they received the results of their yearly audit report from an outside agency.
The 15-minute meeting is an annual necessity where district leaders are informed of any deficiencies or potential issues within the financial department of the district.
This year, the district turned to Carr, Riggs, and Ingram CPA’s and Advisory — a nationally ranked accounting and advisory firm — to conduct the comprehensive audit. While the district was shown to have a decrease in overall assets and revenue, a representative from the accounting firm noted that the results were exactly what taxpayers in the district would want to see.
Matthew Montemayor, the engagement partner responsible for overseeing the development of the audit plan as well as issuing the final report, began the meeting by commending the district for going above and beyond minimum requirements by opting for a comprehensive report, which includes information such as a transmittal letter and statistical schedules.
Montemayor noted that his firm would audit the financial statements of the district as well as performing a federal single audit.
Because the full audit report was so long, close to 200 pages, Montemayor presented a condensed PowerPoint project to highlight the most pertinent information.
“Overall, the results of the audit were that we issued clean and unmodified opinions for the financial statement audit as well as the compliance audit of federal awards for the year,” stated Montemayor. “Total assets were down slightly from the previous year, but the debt balance decreased, and we did not identify any significant difficulties in the report.”
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