LA VETA- The RE-2 School District has recieved two financial strikes against them in a recent financial audit, showing consistantly decreasing reserves, from the Office of the State Auditor.
“Continued (financial) decline could cause a school district to evaluate the need to reduce or eliminate programs and may ultimately affect the quality of education,” said Crystal Dorsey, of the OSA.
RE-2 has over the past couple of years undertaken capital projects to improve the facility, using leveraged general fund reserves to get grants.
Over the past three years, the state has reduced its support for public schools by 13 percent. The audit report suggested that continued cuts in state support could force the La Veta school district to take drastic steps.
“It may require the elimination of teaching positions by combining elementary grade levels into single classrooms and/or eliminating secondary programs,” the audit report said.
Walsenburg’s RE-1 school district received the same rating last year of two warning indicators, but none this year. Nearby school district RE-3 in Hoehne has three warning indicators in their audit, the most of any Colorado school district.
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