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Show Schools: Better Shape But The Future? source in the 1981-82 fiscal ear. The report adds "We feel it is a legitimate federal obligation obliga-tion and will continue our efforts to maintain this source of revenue." IT LISTED "a level of trust" with employees "that lends a high degree of stability to the district." terming hoard of education fairness w ith employee em-ployee groups and employee reciprocation a key factor. "Employees were instrumental instrumen-tal in assisting the district to implement the necessary reductions. re-ductions. Salary negotiations for next year were successfully completed, com-pleted, primarily because teachers and classified groups recognized the tight money situation and accepted heavier work loads, while other districts dis-tricts experienced extreme Jif-ficulty." IT GOES on to sj th.it "prospects for future funding remain unsettled. noting possibilities pos-sibilities for federal, suie ,nul local revenue reductions. Hut improed budgetary controls place the district "in a belli position to cope wiih budge, ary changes.' the report notes. The financial audit was com pleled by Arthur Young and Co. of Salt l ake C'it . tb FARMINGTON - In spite of numerous construction projects, pro-jects, funding cuts and continued con-tinued climbing enrollment, the Davis School District's financial condition as of June 30 is "significantly improved over last year's." a financial report received by the board of education shows. REVENUE in the maintenance mainte-nance and operation fund exceeded ex-ceeded expenditures by $672,217, increasing that fund's balance to $727,444. while the school food services fund held what was called an "adequate balance" of $1,436,800. In addition, "substantial reductions re-ductions in revenues" brought by a federal impact aid fund drop from-an anticipated $2 million to $1.5 million along with a state funding cut of three and one-half percent, or more than $1.5 million, were handled "through careful planning and prompt action" by the board of education, the report says. "REDUCTIONS of approximately approxi-mately $2 million in anticipated antici-pated expenditures were implemented im-plemented in a manner that did not materially affect educational educa-tional programs or have a negative impact on staff morale," the report, signed by Supt. Lawrence Welling and Board Clerk-Treasurer Roger Glines, says. The financial situation was further aided by a voted leeway lee-way giving the board authorization author-ization to levy up to three mills with state assistance on the first two mills, for maintenance mainte-nance and operation programs. prog-rams. IT NOTED "more capital outlay projects under construction con-struction this fiscal year ( 1980-81) 1980-81) than any period in the history his-tory of the district", including major additions to Woods Cross and Layton high schools, completion of Mueller Muel-ler Park Junior High and a start on Farmington Junior High. Four new elementary schools were under construction-East Layton, Knowlton, Holt and Columbia, as well as major additions to five others-Cook. others-Cook. Lincoln, Stewart, West Bountiful and Clinton, during the July 1, 1980-June 30, 1981 period. THAT CONSTRUCTION was funded primarily by a $14.5 million bond sale in 1980 and a $7.5 million 1981 sale. Some $5.5 million in bonds remained re-mained unsold as of June 30 from the current $35 million bond authorization and should be sold in the current fiscal year (1981-82). After that, another bond sale will be required. ATTEMPTING a financial prospects forecast, the report says "prospects for next year look relatively bright for three reasons." That includes the voted leeway tax revenue "to offset the effects of decreasing revenue from federal impact funding." In addition, uncertainty still exists whether federal impact funds will be completely eliminated eli-minated with no monies budgeted from that revenue |