Morenci schools gets good audit report 10.17

Written by David Green.

The overall opinion from auditor Phil Rubley is that the Morenci school district is in pretty good shape.

“Your report card is good,” Rubley said, as he presented the annual audit at Monday night’s board of education meeting.

The original budget adopted by the board for the 2006-07 school year showed a deficit of $394,400. A cost savings of more than $300,000 came from cuts approved by the board, including administrative reductions, administrators  serving in dual roles, pay freezes, insurance concessions from administration and support staff, leaves of absence and budget line items being reduced or eliminated.

A huge factor in the cost savings, said Erica Metcalf, finance director, was that the district was fully funded from the amount promised by the state.

The actual budget deficit stood at $87,466 from Rubley’s audit, covering the fiscal year ending June 30, 2007.

“This is very, very good,” said Rubley. “You adhered to the budget very closely. You kept it in line. What you’ve done is bought time.”

The food service added $14,999 to its fund, increasing its balance to $123,374, which Rubley says is excellent for a food service operation.

The athletic fund shows a negative change of $4,558, bringing the fund balance to $15,917. Rubley explained that this kind of change is normal.

“But you’re still in pretty good shape,” he said.

Rubley gave the audit an “unqualified” opinion, which means the figures are presented fairly in all material respects and that they comply with general accounting practices and auditing standards.

“This is the highest opinion I can render,” he said. “Your accounting records are very good. You should be commended for that.”

Rubley cautioned the board about the district’s future finances.

“There are some things you’ll have to change down the road,” he said.

The projected deficit for the current year was budgeted at $150,000. If that shortfall were to continue, the $805,000 fund equity would disappear in a few years.

But if the cuts hadn’t been made, he noted that all savings would have disappeared in just a couple of years.

It’s odd to call a deficit budget a good report, Rubley said Tuesday, but that’s an indication of state of school financing in Michigan.

“I was pleased with the audit,” he said. “They’re holding their position really well.

 

  • Front.tug
    MORENCI pep rallies generally end with a tug of war. The senior class entry, shown above, did not advance to the finals. Griffin Grieder, Alaina Webster, Kyle Long and Jazmin Smith are shown at the front of the rope, giving it their best effort.
  • Accident
    FAYETTE resident Patricia Stambaugh, 64, was declared dead on the scene of a single-vehicle accident Friday morning south of Morenci. Rescue units were called around 9 a.m., but as of Tuesday, law enforcement officers had not yet determined the time of the accident. According to Ohio State Highway Patrol, Stambaugh was driving west on U.S. 20 when her Chevrolet Malibu traveled off the north side of the road and down a steep embankment, coming to rest in Bean Creek (Tiffin River).
  • Athletic Fields
    SPORTS COMPLEX—Fayette’s outdoor athletic facilities will include three ball fields for summer recreation leagues at the southwest corner of the school. The baseball and softball fields, along with the running track, will be constructed on the east side of the school. Outdoor athletic fields were not part of the new school project from 2007, but voters approved a $1.4 million levy for a school addition and the sports fields last August. Both projects are scheduled to be complete by July 20.
  • Front.teacher Leading
    PRESCHOOL MUSIC—Fayette band director Jeffrey Dunford spends the last half hour of the day leading the full-day preschool class in musical activities. Additional photos are on page 7 of this week’s Observer.
  • Front.F.band
    TROMBONISTS Jake Myers (left) and Max Baker perform Friday at the annual Senior Citizens Luncheon at Fayette High School. The National Honor Society and the FFA chapter teamed up to serve a meal to area seniors and to provide musical entertainment. Both the school band and choir performed. Additional photos are on page 7 of this week’s Observer.
  • Station.2
    STRANGE STUFF—Morenci Elementary School students learn that blue isn’t really blue when seen through the right color of lens. Volunteer April Pike presents the lesson to students at one of the many stations brought to the school by the COSI science center. The theme of this year’s visit was the solar system.
  • Front.poles
    MOVING EAST—Utility workers continue their slow progress east along U.S. 20 south of Morenci. New electrical poles are put in place before wiring is moved into place.

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