The Osakis School Board received good news at its Wednesday, Nov. 13, school board meeting – the district received a clean audit.
Mary Reedy with the auditing firm, CliftonLarsonAllen, presented the annual report to the school board at the meeting, which was moved because of the Monday, Nov. 11 Veterans Day holiday.
“An unmodified or clean audit is the highest level of assurance auditors can give,” said Reedy.
Reedy went over a couple of items with the school board members, but overall said there were no big issues. As with more than 90% of school districts audited by Reedy, one of the issues was segregation of duties. Reedy said this means there aren’t enough people to do the duties that are expected. She wasn’t concerned and said it happens everywhere.
The Osakis School District is financially stable and has enough in the general funds to operate for about six months. Policy requires at least two months, so Reedy said the Osakis district meets and exceeds the policy, which is good.
General fund revenues for the fiscal year, which ended on June 30, were at about $9.2 million and the expenditures were at $8.7 million. The ending fund balance was $4.3 million.
Sources of revenue for the district, according to information provided by Reedy, included state funding (77%), local property tax levy (14%), federal funding (4%) and other local and county funding (5%).
Expenditures were also broken down into categories and included regular instruction or money spent within the classroom (37%), special education instruction (14%), fiscal and other fixed costs (18%), pupil support services (10%), site, buildings and equipment (9%), district and school administration (5%), vocational instruction (1%), community education and services (2%), district support services (2%) and instructional support services (2%).
The audit was unanimously approved by the school board.
Four FFA students – Eva Moore, Laureen Walter, Madison Douvier and Levi Johnson – along with Rachel Moe, their advisor, presented a video of the students’ trip to the National FFA Convention in Indianapolis last month.
The students said they enjoyed the trip, learned plenty and were thankful for the opportunity.
School board members also watched a video tribute to veterans that was created by Osakis student Cecelia Hoeper.
As a project for their Digital Media and Design class, students created videos that had real-world requirements, according to Stan Moore, tech integration specialist for the school district. Moore showed the video to the school board.
Students designed the videos for the local Veterans Day program and one of the videos was chosen to be shown at the program. The video chosen was created by Christopher Goodwin.
Moore said, however, that the local veterans had the opportunity to view all the videos and said they very much appreciated them.