Auditor says GISD in better shape than most districts
Houston County Courier
By Jenna Duncan
Grapeland ISD is on solid financial footing, Nathan Krupke, CPA, told the school board in a specially called meeting Thursday, Jan. 24. For the 2011-12 school year, the district's general fund saw $4.5 million in revenue and $4.3 million in expenditures, growing the general fund to $1.4 million, Krupke reported. With the current amount in the fund balance, it would support four months worth of expenditures which is on the high side for school districts. The Texas Education Agency suggests that the fund balance should support between two and three months, while Krupke's firm, Belt Harris Pechacek, LLLP, suggests three to six months for districts. "It's actually on the higher compared to what most school districts have right now. They definitely fall in that two to three month range. I think you should feel good about that number in respect to the other districts out there that are facing a more difficult time," he said. He noted that the firm had no findings in the audit, which Krupke said is the most important aspect of the audit because it reflects proper handling of finances. "It means that the district - as far as we can tell and based upon what we tested - is in compliance with the federal regulations in relation to those programs and again, that's great news," he said. After the board reviewed the complete audit, they approved the report unanimously. Also at the meeting, the board addressed two items related to the upcoming elections. First, they approved setting the election date for the school board election for May 11. A partial term for Position 1 (Mitchell Huff's seat), Position 6 (Norm Ormiston's seat) and Position 7 (Shirley Bridges) will be on the ballot. Secondly, the board voted to approve Elizabeth Reynolds as the election judge and Kathy Richmond and Kathye Padgett as early voting clerks. Though an executive session was on the meeting agenda, the board determined they had no items to discuss and moved to adjourn.