CLEARFIELD – The Clearfield school board received a clean bill of health and accepted its annual audit report at Monday night’s regular meeting.
According to Katherine Eckley of Walter Hopkins & Co. LLP, the district received an “unmodified” opinion, meaning there were not any discrepancies identified in its financial statements.
She said the district ended the 2018-19 school year with a $21,829 deficit. The district originally projected a $3,911,134 deficit for the 2018-19 school year.
Eckley said the general fund balance, as of June 30, was $14,067,332 and included $2,954,021 of reserves restricted for debt service obligations.
She said that $1,961,716 was committed for employee benefit cost and cyber-charter tuition increases and $408,921 assigned for real estate tax appeals.
Also, on Monday night, the board voted to renew its employment contract with Business Administrator Sam Maney for another five years, effective July 1, 2020.
Maney’s salary will be $114,192 for 2020-21, and then will increase $2,500 annually after that. Maney has been with the district for nearly 12 years, having been hired in July of 2008.
The board also approved an agreement between Wal-Mart and the district regarding the property tax assessment of the store’s three parcels in Lawrence Township.
More specifically, it approved the settlement of the tax appeals in the amount of $958,900, the total assessed value applicable to the tax years of 2019 and 2020.
The board announced it will hold its reorganizational meeting at 6 p.m. Wednesday, Dec. 4 in the library at the Clearfield Area Junior-Senior High School.