County superintendent’s budget gets passing grade |

County superintendent’s budget gets passing grade

The office that oversees Nevada County schools’ finances has a healthy 8.6 percent budget reserve and no problems, according to an auditor’s report.

In the face of an oncoming statewide budget catastrophe, the Nevada County Superintendent of Schools Office had $692,033, or 8.6 percent of its $8.1 million budget, in reserves as of June 30, 2002, according to an audit by Perry-Smith, a Sacramento-based accounting firm that performs audits for many school districts in the region.

The state of California recommends a reserve of 3 percent, Steven Westcoatt, the accountant who presented the audit, told Nevada County board of education members at their regular monthly meeting Wednesday afternoon in Nevada City.

Westcoatt said the reserve requirement is to cushion against budget uncertainties.

“All districts and all county offices (of education) will have to eat into their reserves this year,” Westcoatt warned.

The office owes about $350,000 -down from the original $800,000 – on its building at the corner of Ridge Road and Nevada City Highway as well as another $35,000 for a portable classroom and vehicles, Gail Headstrom, director of business services, said.

The auditor’s report made no new findings and reported that the earlier two findings – that district payroll was being processed without receiving proper authorization and that attendance records at Earle Jamieson School indicated a net overstatement worth about $900 – had been corrected.

Support Local Journalism

Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User