AUDITS State finds Warren schools complying

Brookfield schools and Western Reserve Port Authority also were audited.
WARREN -- A financial audit of Warren City Schools from July 2002 to June 2003 showed no instances of noncompliance with state policy, the state auditor's office said.
The district's general fund had $51,870,241 in revenues and $50,725,675 in expenditures.
State auditors did note a "control weakness condition," however. They recommend the board of education and management review the capital asset accounting policies.
Two vehicles not included
The district's records do not include two vehicles bought in fiscal year 2003. Three school buses bought were capitalized at incorrect cost because of misapplication of the trade-ins, the audit report shows. The traded vehicles were not deleted from the capital asset list.
Several other assets acquired in fiscal 2003 were also capitalized at incorrect costs. These errors caused the capital assets to be overstated by $124,168.
Also, there were assets added to the district's records that were not included in the list of fiscal 2003 additions. Maintenance department assets that had been scrapped or sold were not removed from the capital asset records, the state said. These capital assets still improperly listed under the maintenance department have a value of $136,627.
Brookfield Local Schools were audited for the same time frame as Warren, and there were no findings for non-compliance. Brookfield's general fund had $9,738,615 in revenues and $10,000,393 in expenditures.
The Western Reserve Port Authority was audited for calendar year 2003, when it appropriated $2,104,951 and spent $2,011,464. The auditor's office said the port authority complied with all requirements.