Monday night was a good night to discuss school district finances, at least for the members of the Centralia R-VI School District and their five-member audience.
Board members heard good news regarding their finances from the district’s auditing firm as well as good new regarding the value of their bonds.
Lindsey Graves an auditor with Graves and Associates presented the board, and its audience of five a “clean or unmodified” audit report, via the internet, which she said is the best they could achieve.
Graves discussed revenues and expenditures and said there were no significant changes in expenditures from funds 1 and 2 “The combination of revenues from both is up one percent from June 30, 2019.
She said they had just under $3.3 million in reserves, good for three months of operating expenses and she recommended district’ R-VI’s size have more, enough to get them through four to six months without outside revenue. But she said, given the district’s history of meeting its financial obligations, “three months is not too far out of line with our recommendations.”
She said last year they paid around $219,000 on the district’s debt.
For the complete article see this week’s edition of the Centralia Fireside Guard.