District scores highest rating in independent audit for the fourth straight year
For the fourth consecutive year, Dallas ISD has received a clean audit on its annual comprehensive financial report, meaning that the district’s independent auditor issued an “unmodified” or clean opinion and found no material weaknesses, no significant deficiencies and no compliance shortcomings in financial statements and federal programs.
The unmodified opinion, issued by independent auditor Weaver and Tidwell, L.L.P., is the highest that an independent auditor can issue regarding a set of financial statements or federal programs. The district has achieved this result annually from Fiscal Year 2019 through Fiscal Year 2023.
“This is an excellent result for the district,” said Chief Financial Officer Tamika Alford-Stephens. “It indicates to stakeholders that they can rely on the district’s financial reporting and be assured that the district has strong internal controls and is a good steward of public funds.”
The audit is done each year to comply with state law. Dallas ISD prepares a comprehensive annual financial report and has its fiscal accounts, the report, and its federal programs audited by the independent auditor. The auditor issues opinions on the report and the district’s federal programs for the benefit of stakeholders such as the Board of Trustees, the public, bondholders, and state and federal agencies that need assurance that the district’s financial reporting is accurate and reliable and that it has complied with federal program requirements.