DALLAS – Dallas ISD Superintendent Michael Hinojosa revealed it will be at least two months, well after its bond election in three weeks, before DISD’s final district wide audit is completed and released.

Why? The outside auditor, Deloitte & Touche, is still gathering information from Dallas ISD and trying to process it all.

The audit will be a bit painful, DISD Board of Trustees President Jack Lowe said, but positive for the district in the end.

Thursday afternoon, board members received a 45-page Comprehensive Annual Financial Report, full of large numbers and accountant speak, along with a narration of what to expect when the final audit is completed.

There is good news and bad news.

The good news: no money is missing, Dallas ISD is in sound financial condition, and no fraud is expected.

The bad news: DISD has done a sloppy job of bookkeeping and Deloitte & Touche’s untangling of the mess will cost the district approximately a million dollars.

This week, News 8 revealed that the district miscalculated millions on this year's payroll budget; underestimating salaries by $52-million dollars.

DISD said extra revenue can cover its mistake and teacher pay raises next year are still a possibility.

But critics said the miscalculation on paper is indicative of the poor bookkeeping.

"It leads to the question is this an appropriate time to be asking the public 'Hey, trust us with $1.35 billion dollars of money," said DISD critic, Allen Gwinn.

That’s how much Dallas ISD is asking voters to approve in a bond election on May 10.

Since it’s financially sound, the district no doubt wants voters to pass its bond.

But critics want the district get its bookkeeping cleaned up before voters pull the Yes lever.

E-mail jwhitely@wfaa.com