PINEDALE – Sublette County School District No. 1 (SCSD1) received a favorable audit report on its financial statements for the fiscal year ending June 2022 from the accounting firm Carver, Florek and James on Nov. 10.
The district’s finances were “presented fairly” and complied with “all applicable accounting standards,” James Lund, an accountant at Carver, Florek and James, told the board of trustees.
Lund and his team of auditors combed through 12 months worth of financial transactions and statements provided by SCSD1 business office staff. Carver, Florek and James did not identify any “institutional weaknesses” in the district’s fiscal operations, Lund added.
The clean financial audit was a “testament” to the hard work put in by Vern McAdams, SCSD1 business manager, and “the crew” in the business office, Lund stated.
“It takes work and effort to document, authorize and correctly record 12 months worth of transactions,” Lund explained to the board.
In tandem with most public school districts, SCSD1 received significant federal funding, primarily through the Elementary and Secondary School Emergency Relief (ESSER) Fund and the Governor’s Emergency Education Relief Fund (GEER), Lund explained.
The auditors scrutinized the district’s allocation of federal awards and found all statements to be in compliance, Lund said. The firm did not detect any red flags, he added.
Lund highlighted an increase in the district’s cash balance and a “positive” change in SCSD1’s net financial position. He attributed the growth to a spike in property tax revenue and a decrease in the state’s net pension liability.
SCSD1 board chairman Jamison Ziegler thanked Lund and his firm for conducting the audit. Ziegler also expressed gratitude to McAdams and the business office staff on behalf of the board.
“The auditors come out every year and their report is always clean” thanks to the diligence of the SCSD1 business office, Ziegler added.
The trustees passed a unanimous motion to approve the independent audit for the fiscal year ending in June 2022 as presented.
In other district news, trustees passed a motion to hire an additional special education paraprofessional at Pinedale Elementary School and accepted a contract with BOCES V to provide speech language pathology services.