Show auditor commends school district the local hoard board of education and tile the administrative officers are highly commended in an audit report rt recently received at the 0 county aunt y school office the report which was made by charles 0 butcherite 0 P A 1 covers an audit of the account and records of katie kane school district for tho the two school years ended june 30 1948 1949 and 1949 cash cash receipts and disbursements were analyzed and assets and liabilities verified says mr air butcherite Dutch erite it will be noted that expenditures tor for both school years were kept well within the respective budget appropriations lit in all departments Nai material erial increases In creasea ire are noted in instruction expense due to adjustment of teachers salaries which have been increased if in all school districts lit in tha state kane county school district was tree front from bonded or short term orm indebtedness at june 30 1949 and started the new school year with 16 in ersh cash and in ili t the banks bank duo due to excellent management As in past years it t Is again eil evident dent that careful and conservative management of the pis brids finances on oil the part of tho the school board and nd administrative officers has not only kept ohp district out 0 of f debt but also a sizeable ize able cash balance acce at the end of each school year and this in ili the face of steadily mOnn mounting ting sal salaries artes and ex benses of operation copies of the audit report will be filed with the state department of public instruction and with the state auditor |