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Auburn-Washburn board approves year-end budget transfers after audit finds roughly $870,000 reduction
Summary
At its June 26 meeting the Auburn-Washburn USD 437 Board of Education approved year-end budget transfers after staff reported a final audited legal maximum budget that reduced the district's authority by about $870,000; board members discussed moving year-end approval to the July organizational meeting to allow more time for closing the books.
Auburn-Washburn USD 437's Board of Education on June 26 approved year-end budget transfers after district staff reported a reduction in the district's final audited legal maximum budget.
The board voted 5-0 to approve the year-end transfers after the district's finance staff said the final audited legal maximum budget issued earlier in June showed a reduction of around $870,000. "We did receive earlier this month our final audited legal max budget," Brett (staff member) told the board, adding that the figure set the district's maximum authority for the general fund and the local option…
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