(COLON) – Colon Community Schools received a positive audit report for the 2022-2023 school year.
Monday night, the Colon Board of Education was presented with the audit report, and specifically the General Fund. The School District received an unmodified opinion, which is the highest opinion that can be given.
Matt Kelly of Plante Moran shared with the Board where the revenue comes from and the total revenue for that school year. LINKC.
Expenditures for the year were $7.5 million.
Kristen Connor of Plante Moran shared about the Fund Balance for the District. Currently Colon Schools has a fund balance of $2.6 million or 35%. That is money the District has to fully maintain its operations in the event of a problem. That amount would keep the District going for 63 days.
Connor says the state average for Fund Balance for schools the size of Colon is at 20%, which puts Colon ahead of the curve.
(07-05-2025) Stanley Makes First Court Appearance
(07-05-2025) 72nd Annual LaGrange County 4-H Fair Starts Today
(07-05-2025) Juvenile Injured In Golf Cart v Pick Up Collision
(07-05-2025) Elkhart Woman Injured In Motorcycle Crash
(07-03-2025) Busy Fourth Of July In Topeka
(07-03-2025) Federal Funding Delays Threatens Programs At Lakeland Schools
(07-03-2025) Davis Comments On Ruling By ADB
(07-03-2025) Suspect Arrested On Drug And Weapon Charges In Three Rivers
(07-03-2025) Missing Kayaker Found
(07-02-2025) 2025 Cops Cycling For Survivors Ride Stopping In Angola
(07-02-2025) Middlebury Woman Among 12 Charged In Healthcare Fraud Investigation
(07-02-2025) Authorities Identify Person Killed In Weekend Fatal Crash
(07-02-2025) Crossroads And Steuben United Ways Have Merged
(07-02-2025) Local Farmers Rescue Cattle From Property Damage Crash
(07-02-2025) Authorities Asking For Help In Locating Stolen Farm Truck
(07-02-2025) July Speed Enforcement In Michigan Underway
(07-02-2025) No Budget For Michigan As State Senators Adjourn Before Deadline
(07-02-2025) One Dead And One Injured In Weekend Crash
(07-02-2025) One Person Dead In Golf Cart v Pick Up Crash
(07-01-2025) Fremont Police K-9 Officer Rex Getting Body Armor