By Richard Zowie —
The Fredericksburg Independent School District board of trustees on Nov. 22 unanimously approved the annual financial report for the district’s 2012-2013 fiscal year, which ended on June 30, 2013.
Patrick Klein of the accounting firm Klein, Kraus & Company, LLC, presented the board with the annual report.
The 2012-2013 year was actually 10 months long, and began on Sept. 1, 2012.
The 2013-2014 fiscal year, began on July 1, 2013 and will end on June 30, 2014.
School board president Lorrie Hess said the change of the beginning of the school’s fiscal year from Sept. 1 to July 1 is done to set budgets and to make sure school supplies are ordered before school starts.
“The district’s books are in good shape,” Klein said.
According to the report, the district’s total net assets for governmental activities increased by $1.3 million during 2012-2013 to $38.8 million on June 30, 2013.