The Canon-McMillan School Board held their agenda meeting Thursday night and special attention was paid to the recent Auditor General Special Performance Audit that was released recently. Director of Business and Finance Joni Mansmann prepared a report for school directors to give context to what was included in the district’s response to that report. In it Mansmann points out that the district is within acceptable guidelines for fund balances especially when the report incorrectly included construction bond money as a part of the fund balance for the year in question. Mansmann pulled her report that includes all traditional school districts and cyber schools and charter schools from data supplied by the Pennsylvania Department of Education. Mansmann’s report showed that as a percentage of revenue for the year in question Canon-McMillan’s fund balance was 9.7% of revenue. That placed them at 578 out of 672 schools in the state. The item that drew great attention, in the top 25 schools that have what could be termed excessive fund balances only six schools were traditional brick and mortar school districts. The other 19 are either cyber schools or charter schools. The Bryn Athyn School district is carrying the largest fund balance at 338% of revenue. Four cyber schools are next with fund balances of 85% to 150% of revenue. Mansmann stated that it is critical to have a fund balance in case of unforeseen repairs that are not budgeted for. She also pointed out that not one cyber or charter school was selected for the report and that their fund balances far outweigh anything that many brick and mortar districts carry.