Solid audit for fort Washakie schools, continuing consistent trendJan 5, 2016 By Christina George Staff Writer
Fremont County School District 21 has consistently had good audits, superintendent Terry Ebert said, and the latest report was no exception.
Tim Fixter, with Lander-based accounting firm McKee, Marburger & Fagnant, P.C., presented the audit report to the Fort Washakie Board of Trustees' December board meeting. The audit was for the fiscal year that ran from July 1, 2014, through June 30, 2015.
"In a nutshell, after they audit us they issued an unmodified opinion, which is the highest level we can get for an audit," Ebert said. "This is the third time in the time I have been here we've done this well. We've consistently had good audits."
The 57-page report noted financial highlights, including School District 21's total combined net position as of June 30, 2015 at more than $29.8 million, which is down by about $1.1 million from the previous year due to the recording of deferred outflows and net pension liability as required by Government Accounting Standards Board Statement.
The district generated revenue at about $19.7 million, which is up from almost $1.54 million. Auditors attributed the increase to extra revenue from the School Facilities Department for construction of the two new schools.
According to the report, the district's general fund, grants fund, major maintenance fund, capital projects fund and business-type activities total expenses for the fiscal year was $16.45 million. This figure for the previous fiscal year was more than $14.29 million.
The $2 million increase came from a boost in salaries and benefits, as well as expenditures associated with construction of the new school.
Overall, the district reduced its long-term debt by $25,697.
The complete audit report can be found in the board section on the district's website at: http://www.fortwashakieschool.com/.