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Two minor deficiencies were found in an audit of the Carroll County School District conducted recently by Raisor Zapp and Woods of Carrollton.
Jerilyn Zapp told the Board of Education on Thursday, Nov. 20, that the deficiences were regarding internal control due to the size of the administrative staff, which is a common problem in small school districts, and a “failure to prepare a complete set of financial statements.”
Zapp said the most likely recommendation for solving the deficiencies would be outsourcing some of the work.
“This looks like the cleanest audit they have had for a few years,” said district attorney Jim Crawford.
Zapp said the audit mostly is meant to ensure school boards are meeting state and federal finance regulations. With the recent national finance meltdown, she said the regulatory agencies want to be sure school boards are being responsible.
In the audit’s “unqualified opinion,” Zapp said the district’s assets were $26.6 million and its debits were $9.4 million, leaving $15.2 million in net assets for the year.
She told the board that its revenue and utility tax both increased, as did expenditures. The undesignated general fund has $7.4 million available for spending.
Superintendent Lisa James, commended chief financial officer Jon Conrad and his staff for a job well done, and the audit was unanimously accepted by the board.
The board also unanimously approved the district’s improvement plan, which had been available for public comment.
The board also recognized two local medical professionals for being “Champions for Kids.” Dr. Dennis Conard, who specializes in occupational medicine, and physical therapist Mike Hebbeler volunteering many hours a week to provide medical assistance to athletes on district sports teams during games.
The board’s next meeting is 6:30 p.m. Thursday, Dec. 18, in the media center at Carroll County Middle School.