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A Report on the Audit of the Texas Permanent School Fund Corporation's Fiscal Year 2023 Financial Statements

January 2024

Summary Analysis

Independent Auditor’s Report

In our audit report dated December 20, 2023, we concluded that the Texas Permanent School Fund Corporation’s (Corporation’s) basic financial statements for fiscal year 2023 were materially correct and presented in accordance with accounting principles generally accepted in the United States of America. The Corporation published our audit report as part of its basic financial statements, which it intends to post on its website at

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Report on Internal Control over Financial Reporting and on Compliance and Other Matters

We also issued a report on internal control over financial reporting and on compliance and other matters as required by auditing standards. That report, including responses from management, is attached. In that report, auditors identified a significant control deficiency over the verification of the completeness of asset transfers from the General Land Office to the Corporation under Section 2.15(g) of Senate Bill 1232 and Texas Natural Resources Code, Section 51.011 (a-3).

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