MCESD#2 waiting on audits, learn insurance paid because Schulz was an auxiliary member

By Anton Riecher
Regarding the forensic audit authorized by the board, Summers said the district’s auditing firm is still working to complete basic audits for fiscal years 2022-2023, 2023-2024 and 2024-2025 before work can commence on the forensic audit. That basic work will determine the definitive cost of the forensic investigation.
“Doing the actual audits is going to lead them down the path to how much more work is going to have to be done to do a forensic audit,” Summers said.
ESD2 Bookkeeper Nancy Pepper estimated that work on FY 2022-2023 will be completed by the end of May, allowing auditors to proceed to FY 2023-2024.
Delivering her report on the ESD2 finances, Pepper said the district has collected $270,266 in sales tax for the fiscal year to date with $50,736 in tax revenue collected in May. Total income for the district as of April 30 is $723,621. Total expenditure for the year to date is $260,000, leaving a budgeted balance of $462,597.
A recent letter from the Medina Central Appraisal District indicates that the preliminary appraised value for ESD2 is being estimated at $857.3 million, up slightly from the final appraisal of $856.9 million last year, Pepper said. Exemptions for homestead and over 65 exemptions are expected to total about $55 million, she said.
In Texas, a mechanism known as “compression” is applied to appraisal value to help mitigate the increase in property value on taxpayers. Pepper said…LOGIN TO CONTINUE READING at www.devinenewsmembers.com. You will get instant access to our full E-edition, and begin getting the newspaper delivered to your home next week for $36 a year in Medina County. Support important local city, county, and school news like this!