By David Meade
Greene, Finney and Horton Auditor Ken Meadows presented the following information on the School District One annual audit for the period ending June 30, 2016: Meadows reported to the District One School Board last week that the District received an “Unmodified Opinion” which is “the best opinion the school district can receive.” According to Meadows, highlights from the audit showed the General Fund Balance increased by $2.7 million to $14.1 million.
The Local Option Sales Tax generated $6.8 million for the district. Of that, $1.3 million went to Debt Service and $5.5 million Capital Projects. Meadows said the District has an unassigned fund balance of $13.9 million which is 21 percent of budgeted expenditures for 2017.