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News


11/28/2012

THE FAIRMONT SCHOOL BOARD APPROVED WHAT WAS TERMED A CLEAN AUDIT REPORT FOR 2011-12 AT TUESDAY'S MEETING. CRAIG POPENHAGEN FROM THE SCHOOL DISTRICT'S AUDITING FIRM OF CLIFTON LARSON ALLEN FROM AUSTIN MADE A PRESENTATION TO THE BOARD. HE COMMENTED FIRST ON THE GENERAL FUND BALANCE THAT WAS GOOD BECAUSE OF SOME UNEXPECTED REVENUES - LOWER COSTS FOR SPECIAL EDUCATION FUNDING, LOWER UTILITY BILLS BECAUSE OF MILD WINTER LAST YEAR, STATE AID FOR IMPLEMENTION OF THE Q-COMP TEACHER EVALUATION PLAN AND AN INCREASED STUDENT COUNT THE PAST COUPLE OF YEARS BOOSTING STATE AID.

MR. POPENHAGEN SAID THAT THE DISTRICT'S UNASSIGNED FUND BALANCE OF AROUND 1.8 MILLION DOLLARS WAS GOOD IN THE DISTRICT AND PROVIDED BETWEEN 1 AND 2 MONTHS OF OPERATING EXPENSES FOR A RESERVE SAFETY NET.

CRAIG POPENHAGEN IN CLOSING HIS PRESENTATION SAID THAT FAIRMONT AREA SCHOOLS WERE BELOW THE STATE AND PEER GROUP AVERAGE FOR COST OF ADMINISTRATION AND ABOVE THOSE AVERAGES FOR CLASSROOM INSTRUCTION AND VOCATIONAL EDUCATION OFFERINGS.


ROD HALVORSEN
© 2010 KSUM.


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