By BARBARA GREEN
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Bowie Independent School District received a strong audit for 2021-22 where total revenues were up 3%, district program costs were down 2% and an overall fund balance was at $9.4 million at the end of the fiscal year.
Trustees received the report from Jim Fleming, Edgin, Parkman, Fleming & Fleming at this week’s meeting. The accountant complimented Finance Director Paula Peterson and her staff for their work in making the audit process run smoothly.
Fleming said the only significant general accounting change was the formula used for leases which has a new format. He went through the 82-page document touching on the highlights. In revenue, he noted state revenue was higher and attendance was up slightly which helped the budget and fund balance.
During the year the district’s total net position increased by $2,382,211. The district expenses, which totaled $19,576,649 were less than program revenues of $3,759,115 and general revenues of $18,199,745. The revenue also includes the final insurance payments to finish up repairing tornado damage which totaled $448,916.

Read the full story in the weekend Bowie News.