Kremmling " Audit gives West Grand schools clean bill of health | SkyHiNews.com

Kremmling " Audit gives West Grand schools clean bill of health

Katie Looby
klooby@skyhidailynews.coom
Grand County, Colorado

The West Grand Board of Education approved the financial audit as it was presented by Paul Backes from McMahan and Associates last week.

The District’s general fund had an ending balance of $1.5 million as of June 2008. This is an increase of about $974,000 from the prior year.

At the end of the current fiscal year, total fund balance for the general fund was 34 percent of total general fund expenditures of about $4.4 million, the audit states.

“I think that is very good,” Backes said.

He also assured the board that the district finances are in the good hands of Martha Schake, West Grand finance director.

Financial highlights

– The assets of the district exceeded its liabilities at year end by about $7.4 million. Of this amount, about $2 million may be used to meet the district’s ongoing obligations to students and creditors.

– The district’s net assets increased by $1.3 million during the past fiscal year. Of this increase, about $1 million is related to governmental activities and about $300,000 to business type activities. Net assets increased as a result of “significant” capital grants and contributions, most which were received for construction of the new PK-8 school.

The District’s property tax revenues were significantly higher during the past fiscal year as a direct result of the 44 percent increase in assessed valuations within District boundaries.

– At the end of the current fiscal year, the District’s governmental funds reported combined fund balances of $3.27 million, which represented a decrease of $6.2 million from the prior year. Fund balances decreased as a result of significant capital outlay expenditures, most of which were related to construction of the new P-K-8 school and the replacement of the high school roof.

– The District’s General Fund had an ending fund balance of $1.5 million as of June 2008. This is an increase of about $974,000 from the prior year. The vast majority of this increase is related to higher property taxes previously explained.

– At the end of the current fiscal year, total fund balance for the General Fund was 34 percent of total General Fund expenditures of about $4.4 million.

Fire restoration

West Grand School District has received a building permit from the state to fix damage from a fire in West Grand High School last September. Lonewolf Electric has completed most of the work. Jhan Pedersen’s crew has placed the new steel beams on columns and a certified welder has started to weld the beams. Fire Safety Solutions also completed most of the work on the fire alarm in the rooms, and will finish once the area is insulated and sheet rocked.

Students could be back in the metal shop by the end of the month, said West Grand Interim Superintendent Paul Reese.

GED program

West Grand High School Principal Phil Bonds is working with Colorado Mountain College to develop a GED Preparation Program. The program could be available in the evening at Kremmling to those interested in attaining a General Educational Development certificate. Colorado Mountain College would fund the program, and the district would supply a classroom, district documents state.

Employee changes

The West Grand Board of Education approved the dismissal of Kim Bodemann from her position as full-time paraprofessional. It also hired Paul Madison as the new high school custodian. Three people applied for the position.

The district has received two applications for the half time kindergarten teacher position. Instead, The board will hire two half-time paraprofessionals to assist in both classrooms, district documents state.

Superintendent search

The board will discuss the superintendent search and guidelines at the next board work session Jan. 27.

” Katie Looby covers government and education for the Sky-Hi Daily News. You may reach her at 887-3334 ext. 19601 or klooby@skyhidailynews.com.


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