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WAPS District #861 receives 2008 School Finance Award (01/16/2008)
Annually the Minnesota Department of Education recognizes school districts that exemplify organization that demonstrate fiscal health, sound management and accountability. Staff at the Minnesota Department of Education review local publications, audit reports and thousands of pieces of financial data on educational institutions to determine the award winners. In fiscal year 2007 only 13.48% of the total 549 reporting units received this recognition. This is the third time since 2005 Winona Area Public Schools has received this prestigious award. This award comes after the district recently receive high praise in the 2007 review done on the district financial conditions, accounting procedures and fiscal management by the audit firm of Larson Allen LLP

WAPS Business Office Staff:

Sarah Slaby - Controller

Bev Hansen - Administrative Assistant

Karen Albrecht - Accounts Payable

Jolie Severson - Payroll Assistant

Teri Hatleli - Payroll Assistant

Kim Haedtke - Bookkeeper

WAPS Board of Education:

Brian Neil - Chairperson

Stacey Mounce-Arnold - Vice Chairperson

Kelly Herold - Clerk/Treasurer

John Goplen - Director

Ted Hazelton - Director

Vicki Englich - Director

Fred Petersen - Director

WAPS Administration:

Jeff Seeley - Fiscal Affairs Director

Paul Durand - Superintendent of Schools

FY2008 criteria:

A. Compliance with state statutes on selected finance issues

A.1. Preliminary UFARS data to MDE by September 15, 2007.

(September 17 for FY07 data)

A.2. The Revenue and Expenditure Budget form is published

(paper or web) by November 30, 2007.

A.3. Final UFARS data is loaded to MDE by November 30, 2007.

(Comparison Table by 11-30)

a. Data is final, with no subsequent uploads. (Minnesota Statutes, section 123B.76)

b. Data from the audit agree with final UFARS data

(Comparison Table)

A.4. The FY07 audit is submitted (postmarked) to MDE by

December 31, 2007.

A.5 State approved software is used locally. (Minnesota Statutes, section 125B.05)

A.6. Local board members are trained. (Minnesota Statutes,section 123B.09 Subd.2)

B. Demonstration of fiscal health in the local setting

All 422 unreserved accounts (Funds 1,2,4 and 7) are zero or positive, 424 (operating capital) is zero or positive, and Fund 9 has no balance,in 422.

B.1. The district/school has a zero or positive fund balance in

each listed fund (1,2,4 and 7).

B.2. Fund 9 has no unreserved fund balance as displayed on the

Compliance Table.

B.3. The district/school has a zero or positive reserve in operating capital (424).

B.4. The district/school has written policies on positive fund

balances and deficit spending.

B.5. District/school personnel participate in finance and

accounting workshops.



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