The Menominee School Board approved the 2016-17 audit during Thursday night’s meeting. While Karen Kerber of Kerber, Rose & Associates S.C. said this year’s audit ran much more smoothly than last year, the district’s fund balance is in the red. Last year, Menominee Area Public Schools enlisted the help of the Menominee ISD after the business manager resigned, observing that this year’s audit was much smoother with the ISD handling those functions. Kerber noted that it’s never good to have a negative fund balance, which can leave you with cash flow issues. Also reporting that MAPS incurred a loss of about $79,000 this year. (Kerber sound bite) Kerber recommended MAPS obtain their financial reporting on a monthly basis to more efficiently monitor activity, adding that it’s important to have a trackable fund balance, so that when unexpected items pop up, available resources are accurate. While the district is in the red, Kerber said the measures taken to better the district from last year have been noteworthy. Superintendent John Mans noted that this year, the audit is on time and the bank reconciliations are complete. (Mans sound bite) Mans expects the budget and fund balance to improve because enrollment is higher than first projected, noting that everyone at MAPS has pitched in, thus more is getting done for less, thanks to a true team effort. In addition to audit approval, the board approved the motion to raise pay for all substitute teachers from $75 to $95 per day effective November 1st.
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