Several positives were noted during a 2019 financial audit report that was presented to the West Central Valley School Board Wednesday.

Alex Barr from the District’s auditing firm Anderson, Larkin & Co. presented the report for the fiscal year that ended June 30th of last year. The report showed that general fund revenues increased from $9,909,661 to $10,703,225; and general fund expenditures increased from $10,025,797 to $10,637,814. The District’s general fund balance increased by 4.45% from $1,651,728 to $1,725,270. Barr attributed the revenue increase primarily to the increase of property tax revenue and increased tuition revenue. The increase in expenditures was primarily due to the increase in instruction expenses. Factors leading to the general fund balance increase are an increase in local tax revenue, and increases in tuition and state revenues compared to the prior year.

Other highlights from the budget were that the District’s revenues were $285,862 more than budgeted, and total expenditures were less than budgeted, primarily due to the District over budgeting support services and instruction expenditures. As the District looks to the future, Barr noted they should expect continued increases in property, worker’s compensation and health insurance premiums, along with price increases for utilities, gas and other everyday expenditures. Business Manager Symantha Crawford told the Board she looks forward to working with the auditing firm as they are contracted for the next couple years.