ECS to approve audit report

Published 9:41 am Monday, January 16, 2017

The Elizabethton City Schools Board of Education will open up the new year with a relatively cut-and-dry session Tuesday night at the Mack Pierce Board Room.
While Tuesday night brings in a new year of topics, the BOE will vote to approve the 2016 audit.
A report issued from Blackburn, Childers & Steagall, accounting firm based out of Johnson City that performed the audit, noted the school system received a clean audit once again, a consecutive streak that’s been occurring since the 2007-08 school year.
ECS Director of Business and Fiscal Management Beth Wilson commended the work of the system and added it was a team effort to make the audit successful once again.
According to the report, the financial status of the Board of Education increased during the year due to the increase in capital assets with the continuing construction of the high school’s music room and new Citizens Bank Stadium. The BOE’s net position increased by $1,205,135 –  eight percent. The total revenues for 2016 were totaled at $24,309,365.
Financial highlights in the report include:
• A new dishwasher purchased and be installed in the cafeteria at T.A. Dugger Junior High.
• A new convection oven purchased and installed in the cafeteria at Elizabethton High school.
• The construction of the music room and football stadium was still in progress while the new track construction at the school had just started.
• The total unrestricted/unassigned general purpose balance decreased by $226,732 (due to the planned capital expenditures at the high school campus and a transfer of $25,000 to federal projects to meet cash flow requirements). The school nutrition fund increased by $1,278 while federal projects fund increased by $25,000, due to the transfer.
The report added the total cost of all programs and services increased by $23.1 million, 3.4 percent and the “operation of community service programs accounted for 6.9 percent of the expenditures.”
Other items on the agenda include:
• Approve the purchase of FastTrack employee application software from Skyward with an annual recurring fee of $1.00
• Approving recommendation for teachers’ tenure.
• Approving the 17-18 ECS calendar.
Before delving into the heart of the meet, the BOE is expected to recognize various students from Elizabethton High School that participated in the Betsy Band, cross country, football and the Crime Scene Investigation competition held at Valley Forge Free Will Baptist Church.

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