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Osakis School Board hears audit presentation at regular meeting

Mary Reedy, CPA with CliftonLarsonAllen, gave the annual presentation, during which she shared numbers related to budgets and expenditures.

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OSAKIS — The Osakis School Board heard a presentation on the district's audit for the school year that ended on June 30 at its regular meeting on Nov. 17.

Mary Reedy, CPA with CliftonLarsonAllen, gave the annual presentation, during which she shared numbers related to budgets and expenditures.

Reedy said the district's general fund had about $10.3 million in revenue coming in and a budget of approximately $9.6 million. This meant the district has a budget surplus of about $754,000, Reedy said.

Expenditures came in at about $10.1 million with a budget of approximately $9.6 million, with a difference in $586,000, Reedy said.

"You budgeted for an increase of $76,000 and came in at about $244,000, so better than expected in the general fund," Reedy said.

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Revenues, which is money coming into the district, come from a variety of sources, including:

  • State: $8.8 million (70%)
  • Local property tax levy: $1.699 million (14%)
  • Federal: $1.4 million (12%)
  • Other local and county: $561,045 (4%)

Expenditures, or money being spent by the district, include the following:

  • Regular instruction: $4.9 million (36%)
  • Fiscal and other fixed cost programs: $3.1 million (23%)
  • Special education instruction: $1.691 million (13%)
  • Pupil support services: $1.556 million (12%)
  • Site, building and equipment: $1.057 million (8%)
  • District and school administration: $552,911 (4%)
  • District support services: $301,264 (2%)
  • Community education and services: $189,489 (1%)
  • Vocational instruction: $125,116 (1%)
  • Instructional support services: $50,465 (less than 1%)
Travis Gulbrandson covers several beats, including Osakis School Board and Osakis City Council, along with the Brandon-Evansville School Board. His focus will also be on crime and court news.
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