Nevis School District's net assets increase 16 percent | Park Rapids Enterprise
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Nevis School

Nevis School District's net assets increase 16 percent

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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."

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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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