AuGres-Sims audit shows decrease in spending, revenues
AuGRES — As the AuGres-Sims School District (AGS) navigates its way through the 2008-09 school year, its audit from the 2007-08 school year, which was presented to the AGS Board of Education on Dec. 15, showed some areas where the district will look to improve during the current year.
One of those areas, largely out of the district’s hand, is revenue, which was $3,851,349 last year, down $84,392 from the year before.
According to a copy of the audit report, much of the revenue decrease was incurred from losing 23 students and decreased interest.
“Since we have less fund equity, we have less money in the bank,” said AGS Superintendent Gary Marchel, regarding the dip in interest revenue. He also added that federal reductions in interest rates played a part in the loss of revenue.
The loss incurred from the lower student enrollment was also very significant, causing the district to lose $138,938 in revenues.
On the bright side for the district, though, AGS did reduce its expenditures by $85,281.
“We ended up $72,000 better than what we projected at the beginning of the year,” Marchel said. “We’ve just reduced everybody’s supply budget.”
On top of supply budgets, the district also opted to cut personnel and not replace staff members who left the district.
“We’ve reduced five staff members this year because of declining enrollment,” Marchel said.
However, even though expenses were less than expected, the district’s overall expenses of $4,015,515, plus $54,410 transferred to balance food service and athletic costs, caused the district to borrow $218,576 from its fund balance, leaving the balance at a meager $190,633.
“The price of food just went up astronomically this year,” Marchel said.
Even though the high food prices hurt the district in fund balance transfer, Marchel is optimistic.
“We’re trying to get that (fund balance borrowing) close to zero,” Marchel said. “I think we’ll be close to that this year.”
He added that the district is already planning on making budget adjustments next month that’ll show a decrease in spending.
“For fuel we had budgeted $50,000 (this year),” Marchel said. “We’re looking at dropping that to $45,000.”
Gardner, Provenzano, Schauman & Thomas P.C, prepared the AGS audit.