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District receives clean financial audit

 

Tuesday, Nov. 27, 2018 — South St. Paul Public Schools received a positive report on its annual financial audit, which was presented to and approved by the School Board at the Nov. 28 meeting. Auditors issued an “unmodified opinion” on the district’s financial statements for the 2017-18 school year, which means no corrections were needed.

“We are pleased to receive a clean financial audit report as we continue to fight for equitable and fair funding from the state,” said Aaron Bushberger, director of finance. “It is another indication of the district’s strong financial stewardship. A clean audit of our financial statements is an indication of fiscal transparency which we know is important to our community.”

Financially, the district’s fund balance decreased by $285,529, much of which was used to enhance staffing in the district this school year, including decreasing class size at the elementary level and increasing counseling and support staff at the secondary level. The report noted that the district’s unrestricted general fund balance remains above 12 percent of the annual budget, as required under district policy.

The district’s audit was conducted by Malloy, Montague, Karnowski, Radosevich & Co., P.A., a certified public accounting firm in Minneapolis.