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VISD gets clean audit

The Vernon Independent School District’s board of trustees received an “Unmodified or Clean” audit last week. The audit for the fiscal year that ended last September was presented by Mike Edgin during a board meeting last Thursday.
Edgin said that the district added $2,582,000 to the bottom line during the year.
“That’s a pretty healthy increase from last year,” he told the board.
He said the General Fund had 9.2 months of funds available for operations, while 3 to 6 months is considered good.
“You are at that and above. That’s a very good fund balance,” he said.
Edgin said there were three findings, one was a material weakness and two were related to compliance. He said the auditor had to make several large adjustments, there was a large variance between budget and actual expenses, and they were late filing the audit.
He said there also were accounting issues related to turnover of staff last year. which “was devastating for the district
district — lot of heartache trying to get current. Once you get behind it’s hard to get out,” he said.
The audit was approved on a motion from trustee Kevin Young.

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