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11/29/2017

THE FAIRMONT AREA SCHOOL BOARD TUESDAY NIGHT RECEIVED A REPORT ON A "CLEAN" AUDIT FROM JAMIE FAY OF EIDE BAILLY-MANKATO TUESDAY NIGHT. SHE PROVIDED AN EXECUTIVE SUMMARY FOR THE BOARD WITH THAT AUDIT OPINION.

GENERAL FUND EXPENDITURES SHOW 49 PERCENT GOING TOWARD REGULAR INSTRUCTION, 17 PERCENT TOWARD INSTRUCTIONAL AND PUPIL SUPPORT AND 13 PERCENT TOWARD SPECIAL EDUCATION. 12 PERCENT WENT TOWARD BUILDINGS,6 PERCENT TOWARD ADMINISTRATION AND SUPPORT.

THE REPORT SHOWED AN UNASSIGNED BUDGET WHICH STANDS AT 3.4 MILLION AS A" RAINY DAY FUND".


ROD HALVORSEN
© 2015 KSUM KFMC


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