VISD trustees approve audit report, appoint new trustee
Vernon school trustees unanimously approved the district’s 2017-2018 audit report during a monthly business meeting Monday.
The audit report was presented by Doug Pharis of Vernon accounting firm Moore, Truelove, Pharis, Meyers & Marsh CPA’s PLLC.
Pharis reported that the audit report received a “good, clean” opinion with the district’s books in good shape and no issues. The report stated that the district’s balance sheet as of Aug. 30 showed a general fund balance of $10,098,807, total assets of $11,318,790, total liabilities of $1,241,018 and total fund balance and liabilities of $11,318,790. The report noted that about half of the district’s funding came from local sources, mostly taxes, with the rest from state and federal sources. Pharis said that the district’s school lunch fund made a profit of $2,080 which he said was unusual for area school districts.
The audit report was approved on a motion made by Kevin Young and seconded by Michael Ruhl.
Trustees unanimously approved the appointment of J.J. Oznick to fill a vacancy left by the resignation of Rodney Garrard.
See more in Wednesday’s online edition