ACGC audit shows decrease in district's expenses, but slow stabilization overall
COSMOS -- An audit of the Atwater-Cosmos-Grove City School District shows reductions in expenses has resulted in an increase in the net assets and reserve fund for the 2009-10 school year. But the state's delayed aid payment has weakened the district's cash fund.
In a report to the school board Monday, Steve Wischemann from Kern, DeWenter, Viere Ltd. of St. Cloud, said the state withheld about $1 million more from ACGC than the previous year.
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