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Show ! Alpine District I audit completed The comprehensive annual financial fi-nancial report on the Alpine School District for the fiscal year ending June 30, 1988, was presented to members of the board of education during its' monthly business session ses-sion in American Fork. JoeD. Squire K. Tim Larsen of Vire and Company, certified Public accountants, commended district accounting personnel nd business officials for the "efforts "ef-forts that they extend to assure, mat adequate controls and safe-Suards safe-Suards are in place." In their report they said the Inns' study and evaluation of the "ystem of accounting control "al-'gh "al-'gh limited to the extent we considered necessary, did reveal hat e controls (as far as they wre evaluated) are effective in 'guarding the assets and recces re-cces of the district." Several suggestions were made r strengthening internal ac-Munting ac-Munting procedures including the monitoring of fuel inventories as 7 are consumed on a monthly S1S; changing of passwords to j ccess to computer account-? account-? information more often; and special attention paid to travel expenses although no weaknesses weak-nesses were found. They said fixed asset policy needs to be followed to the letter, and microcomputer training should be a constant procedure with employees. Larsen said probably the most "outstanding item" found in the audit was the increase in health care cost to provide insurance for those in the district. He said these costs will probably continue to increase by two-to-three times that of the inflation rate. With almost 90 percent of the districts' budget "in the form of salaries and benefits that will be a significant item," he said. Jack W. McKelvy, district business busi-ness administrator, expressed appreciation for the work of the independent auditors in all phases of the audit. "We will conscientiously apply their recommendations to further strengthen our internal controls. Their help and recommendations are most appreciated," McKelvy said. |
