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Barrington School District Auditor Robert P. Inverso of Inverso & Stewart delivered good news to the board of education at this week’s meeting: Even though the taxes collected went down, the district’s surplus increased.
For a small school, we’re in about as good shape as we can be,” Inverso said.
The district had expenditures of $11.7 million over the 2012-13 school year, ending June 30, compared with $12.3 million the previous year. The decreased expenditures helped the district set aside funds in the capital reserve account, tuition reserve account, maintenance reserve account and emergency reserve account, among other accounts.
“The district’s going to be in good shape for years to come,” Inverso said, noting he had no recommendations for how the district could improve its finances.
In other business, the board also:
The author of the Barrington Bulletin, Mark Correa, is also a member of the Barrington School District Board of Education as of Jan. 6, 2013. Please be aware that I do not speak for the board in any way. The thoughts, views and opinions contained within the posts on this site are mine and mine alone. And the comments after any given posts are the thoughts, views and opinions of the author of the comment.
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