Published October 22, 2013
District audit report shows positive trend
By April Lehmbeck firstname.lastname@example.org
HARPER WOODS — The Harper Woods School District’s financial records are in order, according to the district’s auditors, but there was some other good news when looking at the year-end report.
Rehmann Robson auditing firm representative Nate Baldermann gave a brief presentation before the school board approved acceptance of the audit report for the fiscal year ending June 30, 2013, during the board’s Oct. 15 meeting.
“An unmodified opinion is what you’re looking for,” Baldermann said of the district’s status.
Auditors used to call it an “unqualified” opinion, which meant that the financial records were being kept appropriately and could be trusted to represent the district’s financial status. The terminology changed to “unmodified” opinion, Baldermann said.
Besides the financial record-keeping aspect, Baldermann touched on positive news concerning the district’s general fund. It’s growing, despite a projected loss when the district first created its budget for last year.
The district had an almost $2 million fund balance at the end of the year. Originally, the district projected that it would have to spend $60,000 of its fund balance to make ends meet.
“Your result ended up being to the positive $959,000,” Baldermann said of the amount the district was able to grow in its fund balance.
Board President Brian Selburn also was pleased with the timing of the completion of the audit.
He said it’s the first time in a while that they’ve been able to get it done well ahead of deadlines.
“In past years, it became a matter of crunch time,” Selburn said. “It’s nice to see that we’re working in comfortable time frames.”
Board Vice President David Kien recognized District Business Manager James Dennis.
“I do want to compliment Mr. Dennis on his job this past year,” he said.