Auditors Steve Moore and Geoff Bryant of Potter, Bryant and Moore, PC, gave board members and those in the audience a “very clean” report.
“With your general fund, your total revenues came in at $21.1 million. You spent $21.2 million, so there was a decrease of $156,000,” Moore explained. “If you flip the page over, you can see that you had transfers in and transfers out of $479,000 ... so there was an increase of $322,000 in the general fund last year; that added to the $6 million you had at the beginning of the year gives you the $6.4 million net position fund balance that you have at the end of the year.”
He continued to talk about the system’s special revenue fund, which consists of the child nutrition program, local schools and federal programs. The special revenue fund had an ending balance of $1.771 million, according to Moore, who also praised the district for having an untarnished report regarding federal programs.
“For your federal programs, there were no material weaknesses or reportable conditions. We issued an unmodified opinion on your major programs, and we did not find any findings that were required to be disclosed in accordance with federal auditing standards ... The major programs this year were Title 1 and your 21st Century Community Learning Center,” Moore said. “Three hundred thousand dollars was the threshold for your Type A and Type B programs, and you qualify as a low-risk auditee. This is something for you to take pride in, in the fact to qualify as a low-risk auditee, there cannot be any findings in your federal programs for the last three years, and I know that with the Jasper board it goes back at least nine years. So, that’s something I think you should be proud of.”
Toward the end of the presentation, Moore had board members notice a two-page letter that basically lets the board know if there was anything found during the audit that they should be concerned with; however, Moore said, “This is a very clean, boilerplate letter.”
Assistant Superintendent Jean Lollar said she and superintendent Robert Sparkman were very pleased with the results of the audit, especially the compliments given toward the system’s federal programs.
“It was a very clean audit, to quote the auditors. They were very complimentary in the fact that we had no discrepancies. ... There was one thing I was particularly proud of, the auditors gave accolades to the federal programs section of our audit,” Lollar said. “... It’s a collaborative effort, and that is one thing that Dr. Sparkman said when the auditors finished, that it is not just one person, but it is a collaborative effort.
“ ... Managing federal programs is not easy. It’s a very difficult task. Any time that you are dealing with federal money, there are so many strings attached and so many regulations, and it’s the type of budgeting that takes extra time,” she continued. “You have to go the extra mile when dealing with federal programs. I thought that was an extremely good report, particularly for federal programs. Overall, they were very complimentary.”
In other business, board members:
•approved the minutes for the May 19 and June 3 meetings.
•approved the financial report and presentation of bank reconciliations stated by the school system’s chief school financial officer, Monique Rector.
•approved the 2013-2014 District Budget Amendment.
•approved a concessions contract with Coca-Cola for Walker High School.
•approved the district’s salary schedule.
•approved a technology upgrade purchase.
•approved the purchase of school buses.
•approved the disposal of surplus equipment from schools.
•approved the parent/student handbook for 2014-2015.
•approved overnight field trip requests.
•approved the superintendent’s report of monthly personnel and recognized new employees.