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Board notes $261,027 trustee check, interest earnings and compares audit costs
Summary
Directors financial update showed a trustee's check of $261,027.15 for February, $89,657 collected interest in 2024 from Carroll Bank and Trust, and the ATA audit remains in progress while an alternate audit firm showed a significantly different cost estimate.
The board received a financial update that included a trustees check of $261,027.15 for February and noted the district collected $89,657 in interest from Carroll Bank and Trust during calendar year 2024, with an average monthly interest payment of $7,053 reported in the director's materials.
The director's report said the ATA audit is still in progress and included a comparison showing a significant cost difference if the district hired an alternate auditing firm. The minutes include a table comparing audit costs but do not record a contract change or award.
During the meeting the board also approved a motion to move money into an "innovate school" grant fund; the minutes record a motion by Corey Bartholomew and a second by Colton Moore. The record does not provide the dollar amount moved into that grant in the minutes.
The director's financial notes and the trustees' check value are included in the meeting materials attached to the minutes; the board did not record final decisions about changing auditors or specific budget allocations in the meeting record.
