Auditor’s Report: CASD Finances in Order

CLEARFIELD – The Clearfield Area School District received a clean bill of health for the year ending on June, 30, 2012 during its auditor’s report at Monday night’s combined committee and board meeting.

Katherine B. Eckley, CPA at Walter Hopkins and Company LLP, Clearfield, presented the auditor’s report. She said it was an unqualified opinion, or the very best opinion that can be issued. Eckley said they didn’t identify any discrepancies.

According to her, the district had total revenues in the amount of $33,481,894 and total expenditures in the amount of $30,981,498. She said the district had a surplus of $327,032.

Eckley said the total general fund balance for the district on June 30, 2012 was $7,073,828. She said the capital reserve fund balance was at approximately $2.1 million.

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