Summary of Report 23-315

Independent Auditor’s Report on the Schedule of Expenditures of Federal Awards

We have audited the consolidated financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate discretely presented component units and remaining fund information of the State of Texas, as of and for the year ended August 31, 2022, and have issued our report thereon dated February 22, 2023, which contained an unmodified opinion on those consolidated financial statements.

In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the consolidated financial statements as a whole.

Federal Award Findings and Questioned Costs

This section identifies material weaknesses, significant deficiencies, and instances of non-compliance, including questioned costs, as required to be reported by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Section 200.516 Audit Findings. This section is organized by state agency.

Summary Schedule of Prior Audit Findings

Federal regulations, Title 2 U.S. Code of Federal Regulations Section 200.511, state, “the auditee is responsible for follow-up and corrective action on all audit findings.” As part of this responsibility, the auditee reports the corrective action it has taken for the following:

• Each finding in the 2021 Schedule of Findings and Questioned Costs
• Each finding in the 2021 Summary Schedule of Prior Audit Findings that was not identified as implemented or reissued as a current year finding.

Corrective Action Plan

Federal regulations, Title 2 U.S. Code of Federal Regulations Section 200.511, state, “At the completion of the audit, the auditee must prepare, in a document separate from the auditor’s findings, a corrective action plan to address each audit finding included in the current year auditor’s reports.”