For the parents and patrons of the Fulton School District
January 10, 2020
A message from the Superintendent
Dear Parents and Patrons,
At their December meeting, the Board of Education accepted the 2018-2019 (FY 19)Annual Audit from Gerding Korte & Chitwood CPA’s. Again this year the Audit was unqualified or a ‘clean audit’ meaning there were no recommendations or specific items to correct. A complete Audit and Audit Communications letter are posted at https://tinyurl.com/yc3ehyzq. As one might expect both documents contain significant information.
The Audit Communications letter is a basic document indicating there are no deficiencies considered to be material weaknesses and district prepared information was readily available when needed.
Viewing the actual Financial report can be a bit more daunting; however, the items below might be of interest.
Pages 4-10, the Management Discussion, provides the district financial overview of the audit year.
Page 14, is an overview of all funds, expenses, and revenue. Of note is the Operating Fund revenue exceeded expenditures by and $2,174,486 was paid to retire debt.
Page 44, provides detail for all revenue sources in all funds.
Page 45, provided detail for all expenditure sources in all funds.
Audit Note 4 indicates outstanding debt of $6,697,425 yet the District upon patron approval has the capacity to borrow an additional $27,426,746.
Audit Note 13 documents that $134,060 is the amount of abated taxes that provide the City of Fulton projects.
Maintaining financial integrity is challenging every day. Your District staff works hard to ensure the accountability of all financial transactions and safeguard your tax dollars. As previously indicated, the Audit is available online or a copy may be viewed in the Central Office.
Questions regarding District finances or the current audit may be directed to me by phone or electronic mail. We sincerely appreciate your continued support!
Thank you for sending great students for us to work with!
Jacque A. Cowherd, Ed.D.
Hornets are Out of this World!
Winter Court Warming
Fulton Public Schools Winter Court Warming will be here before you know it! Get your gear right here!
Order from any FHS Student Council Member or online at the link below. The deadline to order is next Friday, January 17.
Court Warming Week is January 27 - 31
Court Warming Spirit Days
Suicide Hotline Numbers
Suicide Prevention Lifeline
Text HOME 741741
Veterans’ Crisis Line
Deaf and Hard of Hearing
Video Relay Phone
Bright Futures Fulton
Monday, January 20 - NO SCHOOL MLK Day
Wednesday, February 12 - Board of Education Meeting 7:00 p.m. FHS Library
Friday, February 14 - NO SCHOOL Teacher Professional Development
Monday, February 17 - NO SCHOOL President's Day
Wednesday, March 11 - Board of Education Meeting 7:00 p.m. FHS Library
Monday, March 23 - Friday, March 27 - NO SCHOOL Spring Break
Friday, April 10 - NO SCHOOL Mid-Quarter Break
Wednesday, April 15 - Board of Education Meeting 7:00 p.m. FHS Library
Wednesday, May 13 - Board of Education Meeting 7:00 p.m. FHS Library
Thursday, May 21 - Last Day of School Dismiss 2 hours early
Friday, May 22 - FHS Graduation
Monday, June 1 - First Day of Summer School
Wednesday, June 10 - Board of Education Meeting 7:00 p.m. FHS Library