KOOSKIA “Overall, it’s a very positive report,” said CPA Tom Luper of Presnell and Gage Accounting, PLLC, Lewiston, at the Nov. 20 Mountain View School District 244 board meeting at Clearwater Valley High School in Kooskia.
Luper presented the fiscal year 2017 audit report.
The district is already beginning to feel the effects of the loss of Secure Rural School funding, as the numbers noted in the audit report.
“The audit is basically to confirm what you’re doing is accurate – that you’re doing what you say you are. And you are,” he said.
Luper went over a few key areas, noting bus depreciation was $138,000 and the school lunch program had about a $10,000 loss.
“And, as you know, the forest revenues used to be a safety net and that’s just not there anymore,” he stated.
Board chair Mike Dominguez of Kooskia commented it is “sad the state does not want to fully fund education.”
Luper said the district’s accounting practices are good and praised business manager Becky Hogg for her procedures and attention to detail.
• Capital Assets. At the end of 2017, the district had $14,479,579 ($5,299,625 net of accumulated depreciation) invested in capital assets, including buildings, computer equipment, and major school equipment. This amount represents a net increase of $603,055 from last year. There were $1,014,028 in capital expenditures in 2017 verses a depreciation of $410,973. The district’s fiscal year 2018 capital budget calls for it to spend $250,000 for the purchase of two new school buses from school plant facility and forest reserve funds and to replace roofs and HVAC units as necessary.
• General fund revenues exceeded budgeted amounts by approximately $490,000.
• General fund expenditures were less than budgeted by approximately $980,000.
• General fund expenditures for 2017 were $11,281,422 compared to 2016 expenses of $10,853,584 an increase of approximately 4 percent.
• General fund carryover of $393,988 at June 30, 2017, consists of: restricted for state grant programs, $141,163; committed for school supplies $40,325; unassigned carryover, $212,500.
• The district received $56,513 in forest reserve funds during 2017, a nearly 95 percent decrease from $1,042,521 in 2016, and a decrease from $1,063,724 in 2015.
• The school lunch fund reflected a net loss of $10,247 in 2017 versus a loss of $11,915 in 2016.
• Enrollment has steadily risen or stayed the same since 2015 when the district included 1,166 students, In 2013, that went up to 1,170; in 2014, 1,160; 2015 saw 1,209; 2016 had 1,224; and 2017’s enrollment was 1,291.
• Accounts receivable as of June 30, 2017, included: $447,665 in Idaho County property taxes; $28,318 for e-rate reimbursement; $214,343 in the State of Idaho foundation program; $333,146 State of Idaho federal grant funds; and $29,941 in State of Idaho state grants.
• Employer contribution for retirement (pension funding) was: $583,624 in 2013; $658,660 in 2014; $674,395 in 2015; $684,405 in 2016; and $713,894 in 2017.
A full copy of the audit report can be viewed at the district office, 714 Jefferson Street, Grangeville; call 983-0990.