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Linn County Leader - Brookfield, MO
  • R-5 Audit Shows All Well

  • The Marceline R-5 Board of Education met in regular session Monday night at the District’s Central Office with all members present. The top news item from this meeting was the report of the District’s audit.
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  • The Marceline R-5 Board of Education met in regular session Monday night at the District’s Central Office with all members present.  The top news item from this meeting was the report of the District’s audit.
    John W. Gillum presented the Board the results of his office’s audit.  Gillum reported on some of the details that the Department of Elementary and Secondary Education (DESE) looks for in an audit, and noted that the District is well above the standards DESE sets to be considered a “troubled” District financially.
    Gillum futher commended the District for taking good care with their funds, and maintaining more-than-adequate fund balances.  He further reported that all statements in the audit could be proven to DESE if needed.
    Looking at the Audit itself, the District had $3,873,728 in receipts from the General Fund, $2,421,558 from the Special Revenue Fund, $535,994 from the Debt Service Fund, $25,908 from the Capitol Projects Fund, and $6,856,188 from the Total Governmental Fund.
    The District had $2,450,315 in disbursements from the General Fund, $3,635,450 from the Special Revenue Fund, $459,633 from the Debt Service Fund, $304,469 from Capiltol Projects Fund, and $6,849,867 from Total Governmental Fund.
    This left the total modified cash basis fund balances as follows at the end of the financial year:  General Fund is at $1,693,731, Debt Service Fund is at $571,414, Capitol Projects Fund is at $350,000, and Total Governmental Fund is at $2,615,145.

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