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Arvon Township School Board accepts 2024 annual financial report after audit presentation
Summary
At its Nov. 11 meeting the Arvon Township School Board accepted the ATS Annual Financial Report for the year ended June 30, 2024 following an audit presentation; the report shows total liabilities and equity of $443,325.39. The board voted to accept the financial documents and recorded routine operational updates.
The Arvon Township School Board on Nov. 11 accepted the district's Annual Financial Report for the year ended June 30, 2024 after an audit presentation by Hungerford Nichols via Zoom.
The audit firm Hungerford Nichols presented the auditor's review remotely, and business matters were summarized by T. Hollon, who presented the financial report. Hollon reported Total Liabilities and Equity of $443,325.39 for the district. "Total Liabilities and Equity equals $443,325.39," the report stated.
Why it matters: accepting the annual financial report completes the district's fiscal-year reporting and provides an audited record of the district's finances that the board can use for budgeting and state reporting.
Board action: L. Griffith moved to accept the financials; N. Wahmhoff seconded, and the motion carried with all members voting in favor. Separately, N. Wahmhoff moved to accept the Annual Financial Report for the year ended June 30, 2024, seconded by K. Laramore; the board voted to approve that report as well. Meeting minutes record the votes as "AIF" (all in favor).
The board also noted that the School Board Policy Development item will be addressed at the January meeting. The board set its next meeting for Dec. 10, 2024 at 5:00 p.m.
The meeting record shows routine acceptance of the financial statements and finishes with adjournment at 6:01 p.m.
