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GISD receives positive financial report

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Goodrich ISD Hornet Facing LeftThe Goodrich ISD board received the financial audit report and financial integrity rating in November’s monthly meeting Thursday
night in the administration building.

CPA Eric Carver with Axley & Rode gave a financial audit report for the district, saying that the past year was particularly challenging. However, Goodrich ISD was able to perform well. The opinion issued by
Axley & Rode was an u modified, clean opinion, meaning that finances were materially correct.

Carver said because schools have accepted money from the government
through Essar funds, they may need to have funds stored to pay some of it back. He also said the government could come back and mandate additional requirements, such as a limit on students in a classroom, a
limit on students in a bus or other examples that could cause expenditures. Those items, if they occur, would come in the next two
to three years, Carver said.

Carver said schools would need to have funds available, as they are
not held harmless this year as they were in the past with COVID-19. A
surge of the virus in the spring could cost the school district
thousands of dollars if groups of students were not able to attend for
an extended period.

Overall, Goodrich ISD is up $700,000 in total assets, with around
$118,000 of that in capital improvements, such as buildings. The cash
was up around $590,000 with donations like the new solar project and
the rise in property taxes. The net position is $3.6 million, up
$822,000 from the prior year. Revenues were up almost $250,000, mostly
from the solar project donation. Expenditures decreased about $135,000
from the year before.

Goodrich was issued the Financial Integrity Rating System of Texas’
(FIRST) rating for 2020-2021 based on the 2019-2020 school year. A
superior achievement rating of 100 was received by the Goodrich ISD
financial department, led by business manager Kaelin Smith, fulfilling
all 20 categories on which they were graded.

The district is looking to upgrade teacher computers and displays in
the classroom. Once a recommendation has been returned, it will be
placed on the agenda, possibly as soon as December.

The school’s window project went back out for bid after the district
felt bids returned the first time were high. The first of four or five
bids have been returned. Goodrich Superintendent Daniel Barton said
his office was excited that this round of bids “look like they will be
a lot better than projected, based off previous bids.” Bathroom
renovation bids will soon be collected. There is also the possibility
that someone will be hired on a project basis or that the job could be
done in-house.

In business items, the board approved the financial audit report,
district improvement plan, primary campus improvement plan and a
salary increase for one of the bus routes.

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