|Trinity Standard - Local News
Stories Added - January 2009
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School given ‘clean’ audit report
Trinity Standard - January 2009
TRINITY – A positive audit report was adopted, a May 9 school board election was called and the superintendent’s contract was extended Monday by the Trinity School Board.
Meeting with Kenneth Davis, a Huntsville CPA, the board accepted the annual audit of the 2007-08 school finances.
Davis presented a “clean opinion” on school finances and, in response to questions, told the board the district was “financially sound” and agreed that the district was making good use of the taxpayer’s money.
The accountant noted that during the year, the district had revenue totaling $8.8 million while expenses ran $8.9 million.
“You decreased your fund balance by about $120,000 during the year,” he said, adding that at the end of the year the fund balance stood at about $2.4 million.
The fund balance is the money held by in reserve by schools. It is used to operate at the start of each new school year until property tax money and money from the state can be received.
Davis noted that the current $2.4 million fund balance is the right amount for the Trinity Independent School District (TISD).
In his report, it was noted that while the fund balance was reduced by $120,000, the district had expected the decrease to be about $475,000.
Last year when the board decided to renovate the old two-story middle school building into an intermediate school campus, they authorized the use of $475,000 from the fund balance to cover the cost of the work.
While this money was spent, the fund balance did not fall as much as expected because the district’s overall income was $216,000 more than planned while expenses were about $135,000 less than budgeted. This gave the district a net gain of more than $350,000, which was placed into the fund balance at the end of the year.
The only negative item raised by Davis’s audit report involved money deposited in a local bank.
Davis said that for a period of about two months, the district had more money on deposit than was secured by FDIC insurance and pledged securities.
He explained that while the Federal Deposit Insurance Corporation insures part of the deposit, funds held by the bank over that amount should be protected by securities held by the bank.
Rice told the board that the issue has been resolved and that the bank has pledged additional securities to insure excess deposits by TISD in the future.
During their meeting, the board voted to formally schedule their annual trustee election for May 9. This year three board seats will be on the ballot, including two three-year terms and a one-year unexpired term.
Board members whose current terms are expiring include Joe Farris and Judy Bishop.
Board member Maggie Trevino was appointed to the board last year following the resignation of Debbie Quan. The final year of Quan’s three-year term will be on the ballot and the winner of that position will have to run again in 2010.
Superintendent Dr. Bobby Rice told the board that filing for a place on the ballot will run from Feb. 7 to March 9. Early voting will be held from April 27 to May 5.
Rice’s contract extended
In other business, the board unanimously approved a one-year extension on Rice’s three-year contract with the school.
The extension will run through the end of the 2011-12 school year.
During the meeting, the board also:
• Adopted the calendar for the 2009-10 school year. Under the plan, new teachers will report for work on Aug. 10 and the rest of the staff will begin on Aug. 17. The first day of classes will be on Aug. 24 and high school graduation will be held on June 4, 2010.
Holidays will include Labor Day (Sept. 7), Fair Day (Sept. 25), Thanksgiving (Nov. 25-27), Christmas (Dec. 21-Jan. 1), Martin Luther King Day (Jan. 18, 2010), Spring Break (March 15-19, 2010), Good Friday (April 2) and Memorial Day (May 24).
Staff training days in which classes will not be held include Sept. 24, Oct. 12-13, Jan. 4, 2010 and Feb. 15, 2010.
• Observed Texas School Board Appreciation Month. The board received a number of gifts, including a giant card from the Trinity Intermediate School’s Student Government signed bystudents.
• Learned that an energy conservation contest will be conducted from February through July. Campus will be asked to reduce energy consumption. Under the contest, each campus will be compared to what was spend during the same period last year. In August, the campus principal’s will be awarded 20 percent of the savings to spend for the benefit of the campus’ students.
• Learned that there have been 121 applications for TISD athletic director’s post. Rice told the board he will be forming a committee to select the top applicants and would be scheduling interviews during the coming weeks. He plans to make a recommendation to the board to fill the post at the Feb. 23 meeting.
• Voted to hire April Seybold for the remainder of the school year as a second grade teacher at Lansberry Elementary. Rice said an additional second grade class was needed due to an increase in the number of students at that level.
• Appointed the Rev. Jeff McDonald as the chairman of the School Health Advisory Council. That group will be charged with reviewing the district’s health curriculum and wellness program and to make recommendation on both to the board.