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| 12/9/2009 6:00:00 PM | Email this article • Print this article | Auditor predicts rough future for PI School District
Alice Duschanek-Myers
Pine Island Council/School Board reporter
PINE ISLAND - On Thursday, December 3, Douglas Blanshan from Larson and Allen LLP reviewed the audit for the 2008-2009 school year with the Pine Island School Board. He said that by the 2010-2011 school year every school district in the state will be borrowing anticipated aid.
He said to the school board, "You were proactive over the past three years with planning and have your funds going to instruction, technical instruction and pupil support, where the funds should go." He said that some districts in the state have not done the same level of planning as Pine Island.
He said that if there are no changes in school funding, over the next two years the district will experience a reduced fund balance by June 30 each year. However, if there are no unforeseen expenses, the Pine Island School District should not need to short-term borrow until 2010-2011.
If there is additional unallotment of funds or metering of funds from the state, the district might need to plan to operate on 70% of its current funding in the future.
Blanshan said that the federal stimulus dollars were not actually new money to the schools, but a replacement for the loss of state dollars. It is becoming more obvious that the stimulus package did not create new jobs but kept some jobs from being cut.
Larson Allen LLP stated that the district provided a fair statement of finances for the audit. The reports were accurate.
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