The Lakeview Board of Education recently accepted the 2011-2012 audit report from Stewart, Beuvais & Whipple, Certified Public Accountants, which gave the district a "clean" opinion.
“There are no surprises resulting from the Audit,” Superintendent Karl Paulson said in a release, who added the "state of Lakeview” is strong.
Lakeview ended the previous fiscal year with an increase to the General Fund Balance of $197,595. The district has a total General Fund Balance of $3,745,541, or just over 10 percent of operating expenses.
The district stated the "most unique" expense during the previous budget year was in the increase in college and university tuition payments through the expanded student enrollment in college classes.
Students can take classes from Wayne State University and Kendall College of Art at the high school. Lakeview paid, $178,000 in college tuition in 2011-12.
Other highlights from the audit include:
- The district invested $350,000 in technology and on-line software services for students.
- Lakeview invested more than $200,000 in textbooks and other instructional materials.
- More than $900,000 was invested in major capital infrastructure improvements in security and technology infrastructure upgrades. A large portion of these funds were used for the Jefferson Middle School office and cafeteria expansion.
“Lakeview continues to put our money on our mission as demonstrated by the high percentage of the Budget dedicated to instruction,” Board Vice President Phil Thomas said in a release.