“Things look good for now...”

•October 26, 2016•

By Ariana Cherry
for the News Progress

The 2016 budget was presented and audited by McGuire, Yuhas and Buckley P.C. at the most recent Arthur-Lovington/Atwood-Hammond School Board meeting. They noted that the budget is looking better than it did a year ago.

Revenues exceeded expenditures, and none of the fund balances had deficits. Some of the recommendations that were made included trying to increase internal controls. The activity fund needs more than one signature when people are counting cash. Invoices or receipts also need to be turned in when using debit/credit cards. If there are any budgets where the district could go over, then they should be amended accordingly. Superintendent Ken Schwengel noted that current funds stood at $7,796,238.37, and all funds are in the black; although there have been no state payments received for transportation or special education funds. “Things look good now, but we have to be concerned as we move forward,” said Schwengel.

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