Concordia Schools accepts audit findings, makes personnel changes

Wednesday, September 25, 2019

During the regular Sept. 12 meeting of the Concordia Board of Education, the board discussed the findings of the most recent audit of the district.
The audit, performed by Randall Fiene, CPA of Concordia, included cash basis financial statements of the district, and each major fund of the district, for the year ending June 30, 2019.
“In my opinion, the financial statements referred to above present fairly, in all material aspects, the respective modified cash basis financial position of the governmental activities and each major fund of the Concordia R-II School District, as of June 30, 2019,” Fiene wrote.
In its report, the district showed assets of cash, investments, and land, buildings and equipment (net of accumulated depreciation) totaling $7,998,945. The district also showed liabilities, listed as Accrued compensated absences for $68,125, and Bonds payable, listed at a total of $1,860,000 (with $175,000 due within one year), for total liabilities of $2,103,125.
The net position of the district was listed as follows:
—Invested in capital assets, net of related debt - $2,5050,164
–Restricted for:
•Future teachers’ salaries and benefits: $719,916
•Student activities: $83,190
•Debt service: $233,198
•Capital outlay: $84,454
—Unrestricted - $2,269,989
The total net position for the district is listed as $5,895,820.

In other business, Superintendent Brent Cooper announced Oriole Strong activities, including the Oriole Strong Pep Rally at 1:30 p.m. Sept. 20; Veterans Day Assembly on Nov. 11; and the Oriole Strong 2nd Quarter Activity on Nov. 22.

The board went into regular closed session and accepted the resignation of Ember Johnson; approved a separation agreement with, and resignation of, Brandon Rittmiller; and approved the following coaches for the 2019-2020 school year: Austin Hon as assistant varsity football coach and Sam Rodenberg as assistant junior high school football coach.

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