Annual Financial Audit

The Socorro Independent School District is seeking a public accounting firm to perform the annual audit for fiscal years, starting with 25/26, with the option to renew the contract for four additional one-year options. The selected firm will be required to provide a comprehensive annual financial report, perform an annual audit in accordance with generally accepted government auditing standards, and provide assistance with TEA submissions and responses to state/federal inquiries. The firm should have experience in performing Texas school district/government audits and demonstrate the capability to perform the annual audit in accordance with generally accepted government auditing standards. Some key points to consider are: • The district has a membership of 46,500 students in grades pre-kindergarten through 12, on 49 campuses, with a 2024/2025 operating budget of $569,707,106. • The selected firm will be required to provide a comprehensive annual financial report in a form acceptable to the TEA and within the time frame stipulated in the TEC. • The firm should have experience in performing audits for similar entities and demonstrate the capability to perform the annual audit in accordance with generally accepted government auditing standards. • The district intends to sell bonds from time to time, which may require the audited financial statements and Auditors' opinion to be printed in total or as a part of the section of or addendum to the official statement for bond issues.