District has fund balance of $4.76M

Christopher Maher, Alice Echo-News Journal

The San Diego Independent School District Board of Trustees received an audit of the district Wednesday that reportedly shows a fund balance of nearly $5 million.

Superintendent Luis Pizzini said the balance showed the district is "healthy," and ready to move forward with the construction of a new school.

The audit, for the fiscal year ending in August 2006, reportedly shows a fund balance of $4.76 million, although it also noted two errors in accounting that needed to be addressed.

Those errors included a need to keep more accurate records of commodities in the district such as cafeteria food and a bookkeeping procedure. Pizzini said the district has already taken steps to address both issues.

In other business, the board voted to authorize district officials to re-apply for an E-Rate grant for the district.

The district has received the grant in the past, and currently uses funds from the grant to fund 90 percent of its communications infrastructure.

The board also voted to sell a tax resale property of 17.75 acres at a price of $8,875.

In a first of the year "housekeeping" item, the board also voted to follow a state-mandated recommendation to update a local policy.is 'healthy'|