Texas · Local government · under $2M in federal spending

PEASTER INDEPENDENT SCHOOL DISTRICT

WEATHERFORD, TX

The FY2025 single audit reports no findings. Audits on file for FY2023–FY2025: FY2023, FY2024, FY2025.

Score: 0 of 100 (FY2025 audit)

The sum of eight parts, each read from the audit. How the score works.

Part	Rule	Max
Material weaknesses	8 points each	24
Significant deficiencies	3 points each	9
Repeat findings	5 points each	15
Longest repeat chain	2 years 3, 3 years 6, 4 years 9, 5+ years 12	12
Modified major-program opinions	qualified 8 each; any adverse or disclaimer 15	15
Questioned costs	known amount of $25,000 or more, by share and dollars	15
Going concern	auditor included a going-concern paragraph	5
Prior-year lateness	prior-year audit late or not filed, scored only with a finding	5
Score		100

Federal funding, FY2025

$1,660,225 in federal awards spent, across 6 programs. Largest funding agencies:

Agency	Spent
Department of Education	$1,223,655
Department of Agriculture	$436,570

FY2025 audit

FAC record: 2025-06-GSAFAC-0000405823
Fiscal year end: June 30, 2025
Accepted by FAC: March 6, 2026
Federal spending: $1,660,225 · 6 programs
Major programs: 1
Score: 0 of 100

No findings reported.

FY2024 audit

FAC record: 2024-06-GSAFAC-0000066750
Fiscal year end: June 30, 2024
Accepted by FAC: December 11, 2024
Federal spending: $2,030,283 · 6 programs
Major programs: 1
Score: 0 of 100

No findings reported.

FY2023 audit

FAC record: 2023-06-GSAFAC-0000007659
Fiscal year end: June 30, 2023
Accepted by FAC: January 27, 2024
Federal spending: $2,249,364 · 6 programs
Major programs: 1
Score: 8 of 100

Finding 2023-002

repeat findingother matters

Program: CHILD NUTRITION CLUSTER (10.553, 10.555)
Compliance requirement: Other
Repeat: Chain of 2 audit years; prior finding 2022-002
FAC record: FY2023 audit on fac.gov

Finding text from the filing

a. Condition: Cash funds for the food service program were in excess of the allowed 3 months average expenditures by $74,557. b. Criteria: Federal funding requires that the food service program cash balances should not exceed the average 3 months spending. c, Cause: The actual cash balances as of June 30, 2023, exceeded the allowed 3 month average spending balance by $74,557. d. Effect: Violation of excess cash balances over allowable balance at year end. e. Recommendation: The District should evaluate all aspects and needs of the food service program including personnel, equipment such as stoves, freezers, etc. and determine the best and legally proper use of the excess funds. f. District Response: The District will evaluate all aspects and needs of the food service program including personnel, equipment such as stoves, freezers, etc. and determine the best and legally proper use of the excess funds during the year ended June 30, 2024.