The Yellow Medicine East School Board slogged through their annual audit delivered by Barry Evenstad of Hoffman and Brobst Certified Public Accountants during their regular meeting Tuesday night at YME High School.
The audit showed a total revenue for the YME school district in 2011-2012 of $11,173,602, while total expenditures reached $14,057,571. The district total revenues consisted of program revenues of $3,729,254, property taxes of $1,715,601, unallocated federal and state aids of $5,116,024 and minor amounts coming in from miscellaneous other sources. Meanwhile, expenses were largely due to a student instructional cost of $6,307,183, student support services of $1,598,454, administration costs of $834,761, building and equipment cost of $1,147,037, community education services costs of $327,949 and other minor amounts.
The cost of all governmental activities run by the school in 2011-2012 amounted to $10,725,035. Breaking that down users of the district’s programs paid 5.8 percent, or $617,076 of the cost. Federal and State subsidizing programs, grants and contributions totaled $3,112,178, or 29 percent of the total cost of government. Yet most of the district’s net cost of services which amount to $6,995,781 was paid for by state taxpayers based on the statewide education aid formula.
As for the district’s general fund, expenditures exceeded revenue by $232,061. At the fiscal year end (June 30, 2012) the total general fund balance was $1, 988,382.
At the end of his report Evenstad commented on the accounting controls of the district saying, “You guys run a very tight ship. This is always an enjoyable audit to do because of the work by the Superintendent and the accounting offices here. Your controls are good considering the number of people you have to do the work. Sure, if you had three more people working in the office it would be perfect as far as optimal accounting practices. I guess this is just a gentle reminder to not forget those controls.”
School board member Jane Hagert asked Evenstad about the other schools he audits and if YME is doing anything different, or if there’s something more the school could be doing. Evenstad replied pointing out that he’s presented reports now to about nine or 10 schools and said, “No, you’ve started to get your fund balance back up and that’s the main thing. But all the information is public and most of the schools we look at are all very compareable and I would say there’s nothing out of the ordinary that you’re doing, or should be doing.”
Girls basketball coaches
After receiving little interest in the opening for a new ninth-grade girls basketball coach, Athletic Director Tim Knapper decided he would take on the responsibilities himself and was approved by the school board as the new ninth-grade coach. Knapper said he’s only looking at doing the job for this season.
Page 2 of 2 - Also, approved by the board to coach the girls team was Pete Scheffler who will take the reins as B-squad coach.