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Cottonwood district audit ‘looks good’

— The Cottonwood Joint School District received its annual auditor’s report at its Oct. 17 regular monthly meeting. The report was prepared by Presnell Gage and presented to the board by Nick Nicholson.

Superintendent Rene Forsmann said Nicholson informed the board everything looked good. He specifically noted the amount of carry-over funds the district has is a good amount. Forsmann also noted Nicholson’s compliments regarding the district’s system of checks and balances considering its size is smaller and many individuals “wear multiple hats.”

The report states:

“The District’s net position increased by $523,041, or 16.93 percent, as a result of fiscal year 2016 operations compared to an increase of $391,658 for fiscal year 2015.

The District’s net position amounts to $3,612,666 at current year-end. This includes $2,361,257 in net capital assets. This compares to $3,089,625 of net position in the prior year, which included $2,129,840 in net capital assets.”

General fund expenditures were $3,940,961 in 2016, which was $297,781 less than originally budgeted. Property tax revenue was $389,257. State funding totaled $145,193 and Federal Forest Funds were $354,994.

A full copy of the audit report can be viewed at the district office, 1916 East St, Cottonwood; or call 962-3521.

In other meeting notes, the board:

•approved the hiring of Seth Guyer as JV boys basketball coach. Guyer is a graduate of Prairie High School and has returned following completion of his secondary education;

•approved safety busing and identifying The Hangout and the old elementary school as pickup sites for children who would have to walk more than a mile and a half;

•first reading of section 4 of the policy manual;

•approval of an updated strategic plan; and

•received a facilities update. Forsmann said the board discussed possibilities for projects the district will undergo next summer. Among them were a fence for the baseball field, remodeling kitchen cabinets at the high school, replacing industrial stoves at the high school and the elementary, and the possibility of purchasing a new bus.

Next board of education meeting is scheduled for Nov. 21 at 1916 East Street, Cottonwood.


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