Bemidji School Board: Annual audits, bus bid approved
The annual audit of the Bemidji School District's financial statements resulted in no findings, Don Zierke of Miller McDonald told the Bemidji School Board Monday night.
However, he said, the audit of the district's student activity accounts included two findings.
Zierke, a partner in the certified public accountants firm in Bemidji, presented the audits for the district's 2007-08 fiscal year to the board Monday night.
He said the district does not appear to be establishing adequate approval for all disbursements for student activities. He said several were not signed by an activity adviser and a student.
The Minnesota Department of Education's Manual for Activity Fund Accounting states that check requests must be signed by the activity adviser and a student representing the activity, Zierke said.
The second finding, Zierke said, was that one person signs student activity checks. He said the Manual for Activity Fund Accounting requires that two people sign checks.
Meanwhile, Zierke noted that both findings from the 2006-07 fiscal year audit of the district's financial statements have been resolved. He added that all four findings from the 2006-07 fiscal year audit of the district's student activity accounts also have been resolved.
After Zierke's audit presentation Monday night, the board voted 5-0 to approve the audits for the 2007-08 fiscal year. Board member Steven Johnson was absent from the meeting.
Bus bid awarded
Also Monday night, the board voted 5-0 to approve a bid by Superior Transit in the amount of $250,011 for three 84-passenger transit buses.
Superior Transit's bid was the lowest of three bids, said Chris Leinen, the district's director of business services.
As part of the purchase, the district will trade in two conventional buses and one transit bus.