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Audit shows $462,701 state revenue surplus and modest budget overruns; board approves audit
Summary
Auditor Cam Gulley told trustees state revenue exceeded budget by $462,701, increasing the fund balance by $258,072; two line items—Instruction and General Administration—exceeded budgetary amounts. The board approved the audit unanimously.
Auditor Cam Gulley presented the annual audit to the Aquilla ISD Board and reported that state revenue exceeded the district's budget by $462,701, producing a net increase in the fund balance of $258,072. Gulley identified two budget overages: Instruction exceeded budget by $51,602 and General Administration by $18,431.
Trustee Amber Cain moved to approve the audit report as presented; Diane Montgomery seconded the motion and trustees voted unanimously to accept the audit. The board did not record any additional corrective actions at the meeting beyond noting the two line-item overages in the minutes.
