Republic School District gets high marks in audit

Once again, the Republic R-III School District has passed their annual audit with flying colors. Rebecca Baker, a certified public accountant with KPM CPAs and Advisors, told the Republic Board of Education during their meeting on Thursday, Nov. 17, that the district had received a “clean, unmodified opinion” in their audit for the district’s fiscal year ending June 30, 2022, which is the highest possible rating any organization can receive in an audit.
The audit found the district had total assets of $33,211,176, an increase of $7,716,178 from the previous fiscal year. The assets include $17,275,386 in the district’s general fund, $3,681,312 in the debt service fund and $12,254,478 in the capital projects fund. The audit also showed that the district had a total of $63,911,395 in receipts and $74,668,386 in total disbursements. The board later voted to approve the audit.
A complete copy of the audit can be found on the school board’s page on the district website at www.republicschools.org, under the “School Board Documents” tab; click on the link for the Nov. 17 Regular Board Meeting.

In other business...
The board passed the district’s proposed budget for the 2022-23 school year. According to the budget, the district will begin the fiscal year with $33,211,176 in assets, and will receive a total of $71,767,332 in revenue, for a total of $104,978,509 receipts and balances. The district also estimates a total of $78,945,356 over the school year, leaving the district with an estimated total asset balance of $26,033,153 on June 30, 2023. Like the audit, the budget may be viewed in its entirety at the board’s page on the district website, under the documents tab. Click on the Nov. 17 Regular Board Meeting link.
The board also voted to approve the 2023 Classified Staff Salary Schedule and also approved H Design for architectural services.