An independent audit of the Akron Central Schools found the district to be in good financial condition, according to a report presented at Wednesday night's School Board meeting.
The report, prepared by the accounting firm of Fox and Company, showed "good budgetary control, finances well in order for the 1997-98 school year, and no instances of noncompliance required to be reported."
Auditors also found that the district qualifies for low-risk federal money.
School Board President Collette Remington said the district is happy with the audit and credited school Business Administrator Loraine Loewen and other staff.
The board approved teaming up with other municipalities to buy natural gas at a lower rate and participate in the School and Municipal Energy Cooperative. The School Board can save between $2,500 and $6,000 a year, Derry said.
Officials noted the savings will come from buying in bulk, and the district is also looking into similar ways to save on health insurance costs.