Texas State Auditor's Office - Summary of Report 25-029

A Performance Audit

An Audit Report on the Texas Department of Banking: A Self-directed, Semi-independent Agency

June 2025

Overview

Background

Audit Objectives

The Texas Department of Banking (Department) had processes and related controls to ensure the accuracy and completeness of its financial data and for setting fees and penalties. However, it should strengthen its processes for collecting penalties assessed by the Bank and Trust Division (Bank and Trust) and reporting performance data.

MEDIUM

FINANCIAL AND PERFORMANCE DATA

The Department accurately recorded, reviewed, and supported certain financial data. However, the Department did not monitor to verify that it received the full amount of the assessed penalties. In addition, while it reported accurate results for one of the two performance measures tested, the results reported for the other measure did not align with the measure's definition.

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LOW

SETTING FEES AND PENALTIES

The Department had sufficient processes for setting Bank and Trust fees that included consideration of budgetary needs, historical information, and adjustments for inflation. In addition, the Department established a matrix for setting Bank and Trust penalties.

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A Performance Audit

An Audit Report on the Texas Department of Banking: A Self-directed, Semi-independent Agency

Overview

FINANCIAL AND PERFORMANCE DATA

SETTING FEES AND PENALTIES

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