ShareThis Page
News

Audit provides good news for PT board

| Tuesday, Jan. 4, 2005

An audit of the Penn-Trafford School District showed no problems with the district's financial books in 2004.

Brent Filak, manager for Sarp & Co., of Greensburg, discussed the audit with school directors at Monday's information-committee meeting.

Filak said the district's net assets check in at $7.5 million. He was encouraged that the district's fund balance -- which is $1 million -- increased for the first time this decade.

That figure is $593,000 higher than a year ago. "The district did do a good job of getting that number up some," Filak said, adding he'd like to see a higher number.

"The rule of thumb is 5 percent of your expenditures and revenues, (which) would put you a bit higher than that. Certainly, this was an improvement from the prior year."

Filak said his company made a recommendation that the district's buildings activity's accounts be more uniform "to get everybody on the same page."

Brett Lago, the district's business manager, was pleased with the audit.

"We're going in the right direction," Lago said after the meeting. "The fund balance, after years of decreasing, is increasing."

Meanwhile, the board unanimously approved an operational audit to be performed by the Department of Education.

Lago said he and Superintendent Dr. Deborah Kolonay met with education department representatives about what the district feels is inadequate funding from the state.

"They indicated they would gladly come out and help us do an operational audit that would look at all district from all aspects, personnel, building and grounds, etc., to see how efficient we were," Kolonay said. "They will spend approximately a week here, go through all of our documentation, leave us with a binder of charts and information that will help us as we go forward with any future building needs, personnel needs, etc. We thought it was a very good idea."

Kolonay said the audit would be performed within the next couple of weeks. There is no cost to the district.

Lago is confident the audit would show the district is operating effectively and would strengthen its case that the funding received from the state is inadequate.

TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.

click me