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.
The report found total revenues from all sources to be $6,135,045 while expenses totaled $5,639,352. "The district's increase in net assets was a 16 percent change from the prior year," the report states.
Beginning and ending fund balances were $1,223,137 and $1,593,770, respectively, in the general fund, with a net increase of $370,633. The debt service began the year with a $107,248 balance and ended with $55,709, a net change of $40,539.
The food service fund had a beginning balance of $85,718, ending with $96,967, an increase of $11,249. The community education (service) fund continues to show a deficit, $68,430, "that will be eliminated through future revenues and general fund transfers."
The total ending fund balance was $1,689,016; this compares with the beginning balance of $1,388,711, a net change of $300,305.
In other action, the board:
n Expressed support for a Wellness Committee proposal to provide healthy snacks to students after school has been dismissed.
Renee Becker, a registered nurse, acquired a $1,000 grant to be used to purchase a rolling cart that will carry healthy snack options.
Athletes currently run downtown to buy snacks at the gas station or use the vending machines, which do not contain much for healthy snack options, Becker pointed out in the grant request.
The cart will be stocked with fruit, granola, yogurt, vegetables, peanut butter and jelly sandwiches, cheese sticks and other options.
Plans also call for the purchase of a dehydrator to dry fruit.
n Approved an attendance policy at the recommendation of principal John Strom.
"After 14 hour unexcused, unverified or truancy absences, credit will be withheld. (At principal's discretion)
n Will canvas the Nov. 8 special election results at 5 p.m. Monday, Nov. 14.
n Approved field trip requests, including the Nevis band and choir trip to New York City.