Oct 192012

By Naomi Hatch
The Snowflake School District’s comprehensive annual financial report for the fiscal year ending June 30, 2011, qualified for a Certificate of Achievement for Excellence in financial reporting.
“The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management,” states an Aug. 23 letter written by Stephen J. Gauthier, director of the Technical Services Center of the Government Finance Officers Association.
This award acknowledged the efforts of District Business Manager Mark Ollerton.
“Every year we have the opportunity to present to the board and public how things went for the year financially for the district,” said Superintendent Hollis Merrell.
This document is first presented to the governing board and once approved, it is available on the district website for public review.
Ollerton gave the governing board highlights of the report, explaining that the number of students in the district is what drives the formula and they can only live within that budget limit. The funds received for aver-age daily membership went down to $2,425,793 in 2012 from $2,480,748 in 2011.
The primary tax rate went up to $3.5924 per $100 in assessed valuation in 2012 from $2.3811 in 2011, and the secondary tax rate went to 76.2 cents from 70.28 cents.
In 2012, revenues increased to $17,773,553 and expenditures decreased to $18,161,753. In 2011, the district had $17,148,366 in revenues and $19,223,923 in expenditures.
Ollerton broke down revenues from the state to be 55 percent of the district’s total; property taxes, 27 per-cent; county, 15 percent; and federal, 15 percent.
The majority of expenditures go to salaries and operation funds in the Maintenance and Operation fund, which accounts for 77 percent of expenditures, with seven percent going to utility costs.
The district has $37 million in capital assets, including buildings, land, furniture and equipment. Ollerton explained that furniture and equipment is anything with a value over $5,000.
Ollerton said that there were 135 teachers who received $3,800 in addition to their salary from the Class-room Site Fund, which comes from two sources. One is the Classroom Site fund, which derives funding from Proposition 201.
“Fifty-seven percent of the dollars were spent in the classroom,” said Ollerton noting that 10.8 percent was spent on administration, which includes the superintendent, principals, assistant principals, school secretaries, the business office, the IT director and the warehouse. Support services expenditures accounted for 11 percent, and included attendance, student discipline, psychologist, speech therapist, vision therapist, occupational therapist, physical therapist, counselors and special education directors. Twenty-one percent went to utilities, curriculum services, maintenance and facility operations, transportation and food service.
Ollerton said that they served 246,000 meals last fiscal.
A total of $22,912 was received for extracurricular activities fees, and part of that was derived from tax credit donations. Ollerton said that at the high school they have separated funds into two areas, music and ath-letics. The tax credit donations from citizens are tax deductible.
“All and all, it was a good year,” said Ollerton. “The governing board made good decisions to keep us sol-vent.”
“At the end of the year we have a strong prepay insurance account, with carry over of $490,000,” he said, noting that the board used those funds to give increases to staff.
The board unanimously approved the district’s annual financial report.