School board accepts 2020 audit
November 12, 2020
The Wrangell School Board met Monday night for a special work session and meeting regarding the district's FY 2020 financial audit.
According to the audit, the school district has approximately $3.57 million in total assets across different funds: $2.07 million in assets in its general fund, $1.07 million in its capital improvement projects fund, and $437,786 in other governmental funds. Meanwhile, there are approximately $1.65 million in total liabilities. An income statement of the district's major funds show that the general fund's end-of-year balance is $757,486, increasing from $578,99...