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ALPINE DISTRICT GETS `PASS’ GRADE ON FINANCIAL AUDIT

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Alpine School District has passed its annual financial audit, according to an auditor's report.

School districts are required by state law to submit to an external audit every year to ensure that fiscal reporting procedures are accurately and fairly presented. The district's auditors, Squire and Co., and Alpine Superintendent Steven Baugh recently presented an audit report of the fiscal year 1994, along with the district's comprehensive annual financial report, to the Alpine School Board."The results of the district's single audit provided no instances of material weaknesses in the internal control structure or significant violations of applicable laws and regulations," Baugh said.

While the auditors gave the district an overall clean bill of health, they made several suggestions to improve accounting procedures. Among them:

- Warehouse receiving procedures could be refined in order to ensure that the vendors are supplying the contracted amounts of goods and services.

- Donations to the Alpine Foundation need to be controlled to a greater extent to ensure they are used for designated purposes.

- The district's undistributed reserve fund balance should be kept at the maximum 5-percent level. It currently sits at 4.8 percent.

Business Administrator Jack McKelvy assured board members that steps were already being taken to implement the auditors' suggestions.

The audit report did acknowledge "noteworthy accomplishments and consistent care of the records achieved by the district.

"We recognize the careful attention that management and the accounting staff take in being responsible for the financial information of the district and the excellent manner in which they perform their assignments," the report concludes.