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TEXARKANA, Texas — Liberty-Eylau Independent School District's financials are in good shape, according to a recent audit.

Tim Holt with Thomas & Thomas CPA's presented the 2019 audit, which covered the district's finances through June 30, 2019.

The report shows there are no significant deficiencies in the finances, he said.

The district ended the fiscal year with $23.3 million in general revenue, with a total revenue of $29.9 million and $30.6 million in total expenses, for a decrease in net position of $699,394.

Holt said there was only one deficiency in the financials where expenditures exceeded the budget.

The audit also shows the district has assets of $50.3 million, liabilities of $50,9 million, with $20 million of that related to pension.

Members also accepted the resignation of Board Member Cliff Martin, who had been on the board since 2014. Board President Chad Turner said he has spoken to Martin and that he expressed he was resigning for personal reasons.

The board will accept letters of interest for the position and will interview for the seat in the near future.

In other business, Superintendent Ronnie Thompson gave the enrollment report, which shows 2,443 students enrolled as of Oct. 31. The number is slightly down from last year's 2,472.

The board also approved the 2019-20 instructional materials committee to select textbooks for English Language Arts and reading, English I-IV and ELA electives.

The next meeting will be held at 6 p.m., Dec. 19 in the Board Room, 2901 Leopard Drive, Texarkana, Texas.

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