School Audit Results

Our 2008-09 audit is complete. The audit shows a total general fund balance of $1,431,100.

What the $1,431,100 includes:
$259,394 reserved for operating capital (general upkeep of our buildings)
$13,122 reserved for staff development (staff training)
-$1,949 adjustment for health and safety
$89,902 Trust Fund
$1,070,631 unreserved/undesignated fund balance
$1,431,100

$360,469 of this amount is restricted, and can only be used for buildings & grounds, health and safety, and staff development expenses. The remaining $1,070,631 unreserved/undesignated funds can be used for general education operating expenses. This $1,070,631 represents just under two months operating expenses, and is a $46,165 decrease from last year’s fund balance.

Audited unreserved/undesignated fund balances over the past 5 years are as follows:

2004-05 $621,321.00
2005-06 $960,146.00 an increase of $338,825.00
2006-07 $1,068,362.00 an increase of $108,216.00
2007-08 $1,116,796.00 an increase of $48,434.00
2008-09 $1,070,631.00 a decrease of $46,165.00

If you have any questions, please email tburlingame@paynesville.k12.mn.us or call 243-3410 extension 1149. Thanks

Todd Burlingame
PAS Superintendent