Verndale School Board December 2017
Verndale School Board December 2017

Audit and levy approved.

press to zoom
Verndale School Board December 2017
Verndale School Board December 2017

Audit and levy approved.

press to zoom
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Verndale School Board

by Trinity Gruenberg

trinity@inhnews.com

    The Verndale School Board held their regular meeting on December 4. 

Audit

    Jon Archer with Schlenner Wenner  Co. presented the audit for fiscal year 2017.

    The total revenue was $5,810,270 with expenditures adding up to $6,149,883 due to the bus garage project.

    “The audit shows a deficit of $339,000. This is attributed to the costs of the parking lot, fuel tank, and bus garage. The total expense for all three was $581,346.00. Without the expenses of the bus garage, fuel tank, and parking lot, the district would have seen an increase in the fund balance of $242,346,” said Brownlow. 

    The food service fund was discussed. The fund showed $307,975 in revenues with 211,977 coming from federal sources. Total expenditures came in at $306,694 for an ending fund balance of $39,434.

    “We were concerned that was going to be in the deficit. It turns out we get to put $1281 in the bank,” said Brownlow.

    Community service fund shows $55,914 and non-major funds are at $95,348...

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