School district audit shows continued improvement, minor issues
by Laura Haley
contributing writer
Mar 14, 2013 | 1271 views | 0 0 comments | 5 5 recommendations | email to a friend | print
The Grand County School District has received its annual financial audit, and according to the school board, things are looking better. The auditors listed only a few minor findings during the course of their audit, according to Grand County School Business Administrator Robert Farnsworth, who discussed the audit during the February Grand County Board of Education meeting.

One of the findings that auditors pointed to related to students who move out of the district without requesting records or informing the school district that they have relocated, Farnsworth said.

“We encourage kids to check out and tell us where they’re going so we can contact them,” he said. “Now, through the legislature, it’s our responsibility to find out where they’re going.”

Grand County High School Principal Steve Hren said that the new accountability procedures have also affected the district’s graduation rate. “In years past it’s been 94 to 96 percent,” Hren said. “With this new requirement of tracking, it’s gone down to eighty-eight percent ... We are responsible to know where they went, and if we don’t, they’re considered a drop-out.”

The other finding was related to the budget. Auditors found that the district had under-budgeted for the food service fund and the debt service fund. Farnsworth explained that the $103,600 that was noted in relation to the debt service fund was a result of the district refinancing several bonds.

“There were some expenses there that we didn’t realize ... should have been on our books,” Farnsworth said.

He pointed out that the money was not actually paid out in a lump sum. Instead, it was built into the future payments to the bond. However, state accounting procedures required the district to record all those payments as an expense.

“We made that adjustment,” Farnsworth said.

The district’s expenditures for the food service fund were $5,939 more than officials had anticipated.

“We’ll work on that,” Farnsworth said.

Farnsworth presented the findings to the school board. Usually, a representative from the firm that performs the audit does the presentation, but the auditors did not feel it was necessary, Farnsworth said.

“They just didn’t feel it was worth the drive to explain the audit this year,” Farnsworth told the board.

“This is a very good audit,” Grand County School Superintendent Scott Crane said.

Copyright 2013 The Times-Independent. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

report abuse...

Express yourself:

We're glad to give readers a forum to express their points of view on issues important to this community. That forum is the “Letters to the Editor.” Letters to the editor may be submitted directly to The Times-Independent through this link and will be published in the print edition of the newspaper. All letters must be the original work of the letter writer – form letters will not be accepted. All letters must include the actual first and last name of the letter writer, the writer’s address, city and state and telephone number. Anonymous letters will not be accepted.

Letters may not exceed 400 words in length, must be regarding issues of general interest to the community, and may not include personal attacks, offensive language, ethnic or racial slurs, or attacks on personal or religious beliefs. Letters should focus on a single issue. Letters that proselytize or focus on theological debates will not be published. During political campaigns, The Times-Independent will not publish letters supporting or opposing any local candidate. Thank you letters are generally not accepted for publication unless the letter has a public purpose. Thank you letters dealing with private matters that compliment or complain about a business or individual will not be published. Nor will letters listing the names of individuals and/or businesses that supported a cause or event. Thank you letters about good Samaritan acts will be considered at the discretion of the newspaper.