Scott Nordquist of the Althoff & Nordquist Certified Public Accountant firm presented the annual budget audit report review to the Willow River Board of Education December 11. There was a clean opinion by the firm the audit revealed no deficiencies of internal control over financial reporting.
Nordquist led a discussion about funds that were still receivable from the Minnesota Department of Education (MDE) and possible expectations of that funding flow. Nordquist’s opinion was that cash flow from MDE will begin to improve, but the school should not depend on past receivables owed. Nordquist reported there would be no major budget cuts needed or sudden drops in revenue expected.
Nordquist stated, “Willow River has done a good job in their management of funds and the general funding balance is right where it needs to be.”
Nordquist reported the Average Daily Membership (ADM) of students has shown an increase in the financial trend report. It has increased by six students from 2011-12 for a total of 486 students served. This includes both nonresident and district resident students.
Truth in Taxation
Business manager Jenny Nelson presented the Truth in Taxation information to the board. Nelson reported that at the end of the 2011-12 fiscal year, the district showed all positive fund balances.
The board approved the levy certification for 2012 payable in 2013. The debt service levy decreased $105,365. In February 2013, the district will pay off GO Bonds Series 1998A, thereby reducing the current debt level. The health and safety levy did increase $122,827, due mainly to a large project consisting of $71,560 for recommissioning of the heating, ventilation and air conditioning (HVAC) system. Lastly, the re-employment insurance decreased $13,035 making the final levy certification payable in 2013 at $537,090.77.
The gymnasium scoreboards were discussed. The current main “mother” board has been shipped out to be fixed. It was expected to be back and reinstalled by Friday, December 14. They will then know if that was the only problem with the board.
The Hoops Club has offered to help jointly buy new scoreboards for the gymnasium by raising funds. After discussion, the board agreed to pay for two new standard scoreboards at approximately $12,000. The Hoops Club would be asked to raise approximately $3,000 for additional wings on one board that would allow additional scorekeeping needs and revenue from yearly business advertisement.
The board approved the purchase of a 2013 Dodge Caravan less two trade-ins. Approval was made for a contract with Jamar for a variable air valve (VAC) box replacement and a pipe/gauge replacement for the boiler.
The resolution amending the election results to include the absentee ballot count was approved.
April 1 was added to the school calendar to replace the day that was canceled. This brings the school back up to the minimum 1,020 hours mandated for a school year.
Superintendent Scott Anderson reported iPad use will require an adjustment of Internet services to facilitate the pads. Discussion of a guest network connection followed.
School board Chairman Roger Else was presented a plaque for his six years of service on the board. Else will not be returning in 2013.
The next scheduled regular meeting will be at 6:30 p.m. January 8, 2013.