LAKEVIEW — An independent audit of last fiscal year’s finances showed Lakeview Community Schools to be in surprisingly good financial shape, despite current economic circumstances.
According to Stephen W. Blann of accounting firm Rehmnn-Robson, the school system’s in-house bookkeeping and auditing for the 2011-2012 school year was far more accurate than many other similar districts across the state.
Addressing school board members at Monday evening’s meeting, Blann indicated he was pleased with the thorough accounting procedures carried out by district staff.
“Your financial state was right before we even came in the door,” Blann said. “Your books were right when we came in. We didn’t have to fix that.”
The only error of any significance was made with regard to the state-sponsored free and reduced school lunch program. According to Blann, the district provided free or reduced lunches to a small handful of students who no longer qualified for the program due to financial circumstances that had changed over the summer. This resulted in a $2,200 error that may at some point have to be paid back to the state.
The district has since updated its policies to provide more accurate and current information on the financial situations of students who apply to the program.
There also were a few minor reporting errors with regard to federal grants. Blann again pointed out these were very minor — essentially paperwork errors — and may not even be addressed by the issuing parties.
“Financially, you’re in a far better position than many other districts out there,” Blann said. “It’s been a good year financially all around.”
Board President Ed Jonaitis thanked Blann for his agency’s work and drew laughter from those in attendance by saying, “We’d like to thank your firm for doing this at a very low cost.”
In other action, the board voted to approve Lakeview Elementary School’s new Family School Handbook.
The board also discussed this year’s homecoming parade and game. The parade will begin at 11 a.m. Oct. 6 with the game following at 1 p.m.