Nevis School District's net assets increase 16 percent
The Nevis School Board reviewed the auditors' annual report this week, learning the district's net assets increased $495,693 "as a result of the current year's operations."
Justin Burchill of Brady Martz presented the financial statements and auditor's report, noting, "The fund balance looks healthier than the cash balance because of the $1.2 million due from the state," Burchill said, referring to the state's 60-40 funding shift.
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