SIKESTON -- Net assets of the Sikeston R-6 School District decreased again last school year, but the district continues to remain financially stable.
Certified public accountant Mike Radake of Van de Ven LLC of Cape Girardeau presented the audit of the 2008-2009 school year to the Board of Education during its regular meeting Tuesday, which was conducted in the new culinary arts classroom at H Building.
"The district is well situated to handle anything that will come at you in the future," Radake told the Board.
In total, net assets decreased $1.6 million when compared to the value of net assets in 2007-2008, which is a 13.3 percent change in net assets for the year. A conscious decision was made by the Board and administration to spend down reserves to continue the academic programs put in place over the past few years.
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