Annual Financial Report 'Favorable' for Lacey Township School District
No recommendations or findings noted
The Lacey Township School District had a clean audit opinion and no recommendations or findings, according to Frank Holman, certified public accountant. “This year we weren’t able to come up with any recommendations as hard as we tried,” he said. Holman noted that the district’s rate of paying down bonds was “very good.” The district was down $1.23 million in net assets, he said. “The statement of revenues and expenses showed a negative number this year, which isn’t really alarming. You’re not in the business of earning a profit,” he said. “You still have a strong net asset position.” The district is required by law to stay within the budget, he said, and there was a $3.6 million budget variance on a total budget of $65 billion. This is …
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William J Moss
9:00 am on Wednesday, November 28, 2012
Don't you just love it ? A surplus of 1.5 million and they raise out taxes to the 2% maximum that they could with out the say of the people. Then they raise school lunches 10 Cents per meal and have a $75.000 00 net income .Remember the old saying nickle and dime you to death . Here it is kids . more ›