11/21/2013 9:49:00 AM Audit shows Randolph school in good position
by Ken Haggerty
The Randolph School Board approved the fiscal audit for the 2012-13 school year (ended June 30, 2013) at their November 18 meeting.
Prepared by Lewis, Kisch and Associates, Ltd., CPAs out of Hastings, the report had some key financial highlights:
The net position of $5,346,341 as of June 30, 2013 was an increase of $278,869 or 5.5 percent from the prior year net position.
The General Fund's total fund balance increased $194,822 from the prior year.
The Debt Service Fund's total fund balance decreased $31,305 from prior year.
The District refinanced Construction Bonds from 2005, saving taxpayers over $275,000 over the next eight years.
Key factors that impacted financial position listed were:
Enrollment decreased from 578 to 574.
Expanded State aid shift to 86.4 percent of current year's State aid and 13.6 percent received of prior year's State aid.
Efforts to continue to stretch District staff resources, thus reducing bills from outside firms.
Property taxes and state formula accounted for 79 percent of total revenue. Charges for services covered 12 percent. Operating grants, capital grants, investment earnings, and contributions covered the remainder. Federal government grants and contributions are included in this.
Total cost of all programs and services was $6,210,153. Educating and caring for students expenses total 88.27 percent. Purely administrative costs were just over seven percent. Support services were three percent.
Preliminary revenue budget was $5,024,841; actual came in better at $5,160,689.
Preliminary expenditures were set at $5,102,489; actual came in better at $4,965,867.
Auditors noted that as in all small school districts, extra monitoring should be done as there is only one main financial officer.
Special and Tech Education
Vanda Pressnall reported on the status of Randolph's stake in District 917, the Dakota County (and Bloomington) cooperative special and technical education provider.
Randolph had about 14 students involved in the following programs: Transition. Vision, Deaf and Hard of Hearing, Audiology, Physically Impaired, Physical Therapy, Alternative Learning. Two students were in technical ed programs.
28 on FFA Trip
FFA president Madi Taylor, Northfield member Will Bollum and Hastings member Gabriella Sorg thanked the Board for allowing and supporting the FFA trip to the National Convention in Louisville. Randolph FFA had a record 28 members on the trip. Students said they enjoyed career and education fairs, workshops on public speaking and other topics, motivational speakers, a Dierks Bentley concert, a trip to the Louisville Slugger factory, and the chance to spend extended time with advisor Ed Terry. Taylor's mother, Sara Taylor, a school board member, was the assisting chaperone.
2015 Band Trip approved
The Band trip to Orlando was approved for March 14-19, 2015. Cost is $1,500 per student. Includes airfare, five nights hotel, all but three meals, ground transportation, passes to Disneyworld, nighttime security. Band director Jackie Sczepanski said she has already received 28 down payments. Band numbers in the high school are at 53, an all-time high. "Jackie has done a heck of a job building the band program," said Superintendent Mike Kelley. He noted there are 45 students in 5th grade band.
Kelley said he will be bringing a proposal to the Board about hiring a school nurse. He is looking at a few different options.
Purchase property to south?
The Board closed the meeting to discuss the possibility of purchasing some ground to the south of the current ball fields. No action was taken when the meeting reopened.
Dan Wenstrom was approved as junior high boys hoops coach...Band will perform at Mall of America rotunda on December 4 at 2:00 p.m....Dec. 16 meeting will be Truth in Taxation, final budget, levy certification meeting...Caleb Thielbar will be honored January 3 between basketball games.