December 8, 2019

Au Gres-Sims audit

Posted

AU GRES— After the 2019 audit, Au Gres-Sims has a general fund balance of $1,282,798. Brett Luplow of Gardner, Provenzano, Thomas & Luplow, P.C., describes the budget as a “pretty breakeven year” after the audit report was given during the Nov. 18 school board meeting. The fund only saw a decrease of $1,048 since 2018.

The total revenue for the general fund is $4,234,373, which does not include the food service or debt service funds. There was a $311,577 decrease since 2018, which as Luplow said, was mostly in state revenue indicating that the enrollment dipped.

There was a $67,553 decrease in expenditures since 2018, totaling to $4,245,209 for 2019. There was a decrease in general administration, business, and transportation expenses, and an increase in instruction expenses in both basic programs and added needs.

AGS is at 3.9 months of operation in their cash account and 3.5 months of operation based on fund balance. The Governmental Accounting Standards Board recommends no less than two months of operation on fund balance, leaving AGS double the recommended amount.

“Starting in 2014 to 2018, you have added almost over $800,000 in your fund balance in the last five years,” said Luplow. “That’s very commendable and gives you the ability to withstand any storms that may come your way whether it’s from the state budget or unexpected expenditures. There’s a lot of other school districts that live paycheck to paycheck and fortunately, your district is not one of them.”

Au Gres-Sims superintendent, Jeff Collier, said, “we continually build our budget conservatively and ultra conservatively based on what we received the prior year. That is calculated in here (the budget).”

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