Cloquet board talks finances, tuition agreement
October 29, 2021
While the final 2021 audit brought news of a $556,000 surplus for the Cloquet school district, superintendent Michael Cary cautioned board members that the extra money will eventually be spent on curriculum.
“That’s not new money that will stay in the coffers forever, it’s already assigned to a purpose,” Cary said.
Cloquet got an “unmodified opinion” on its audit, the best allowed for financial statements, according to the auditor from BerganKDV. Cloquet’s healthy fund balance acts as a good shock absorber, he said.
Members of Carlton and Cloquet tuition agreement committees...