Auditor positive on Villa Grove school finances

Auditor positive on Villa Grove school finances

VILLA GROVE — The school board received a positive auditor's report considering the recent financial struggles for the district.

"Controlling expenses is the key to survival and you are headed in the right direction," said Russ Leigh of Russell Leigh and Associates.

This is the first year Leigh has conducted the annual audit for the school district. Leigh reported that the operations and maintenance fund and the transportation fund had good fund balances, but the education fund was showing a deficit. He also recommended some changes in the tort fund to keep down some heavy expenditures in that fund.

The district spends an average of $9,052 per student. Leigh says that amount is in line with other school districts of the same size. "If that number is way high, it means expenditures are too high. That's a key indicator for me," Leigh said.

Superintendent Mary Ann Manos said she had already identified some "red flags in the budget." She will be looking at the tort fund, special education funds and substitute costs, as the district looks to cut another $200,000 from their budget next year. The budget cuts are necessary to keep the district in line with their current debt reduction plan.

Sections (2):News, Local

Comments

News-Gazette.com embraces discussion of both community and world issues. We welcome you to contribute your ideas, opinions and comments, but we ask that you avoid personal attacks, vulgarity and hate speech. We reserve the right to remove any comment at our discretion, and we will block repeat offenders' accounts. To post comments, you must first be a registered user, and your username will appear with any comment you post. Happy posting.

Login or register to post comments

Mike wrote on October 22, 2013 at 6:10 pm

Dr. Manos is MY HERO. And my wife's. And my kids'. 

Like most other folks in town, we are very glad to be out of the shadow of the previous administrators.

Thank you, Mary Ann. We are so, SO happy you are here! :-)