Glasgow Daily Times, Glasgow, KY

Local News

Discussion

December 6, 2012

Auditors give Monroe County School District a good report

By GINA KINSLOW Glasgow Daily Times

GLASGOW — Monroe County School System officials are pleased with the 2011-12 financial audit report, which was recently presented to school board members for review.

“The audit report was outstanding,” said Lewis Carter, superintendent of Monroe County schools.

Auditors reported no findings, but did list a few points the school district could improve upon during the upcoming school year in their management letter.

Such things include making sure standard invoice or purchase orders are being used and that they are prepared and approved by the sponsor and principal before the payment is obligated, and that the purchase order is filed with the school treasurer and classified as an encumbrance until the merchandise is received, according to the Uniform Program of Accounting for School Activity Fund in Kentucky Schools.

Auditors recommended all school personnel be educated about the policy and that district officials monitor to make sure the policy is being enforced.

Auditors also noted at one school some checks included only one signature and pointed out that the school board’s policy is to have two signatures on all checks. Auditors recommend all who prepare checks, as well as local banks, that two signatures are required.

“There’s always a few things that could be better. That’s just like anything in life,” Carter said. “Our auditors gave us some things to improve on, [but] all in all our report was outstanding and it looks like we are in good fiscal standing.”

For the full story, see the print or E-edition of Friday's Glasgow Daily Times.

Text Only
Local News
AP Video
Probe Begins After Conn. Commuter Trains Crash NTSB Begins Investigation Into Conn. Train Crash Lotto Fever Sweeps the Country Conn. Commuter Trains Collide; 60 Go to Hospital Coffee Run Leads to Hatchet Hitchhiker Arrest Fmr. IRS Head Insists No Politics in Targeting CDC: Fecal Bacteria Common in Swimming Pools $1 Million in Jewels Stolen at Cannes Film Fest NM Mom Chases Down Child Abductor Raw: Crash Sends Car Into Fla. Pool Raw: Obama Sits Down With Elementary Kids Raw: Bear Falls From Tampa Tree Ousted IRS Chief: Errors Not Caused by Politics Terror Suspect Due in Court in Idaho Friday Raw: Driver Ejected From Truck, Over Bridge Could Tobacco Be the Next Biofuel? Wash. State Releases Draft Rules for Legal Pot Dying Man's Blinks Lead to Murder Conviction Officials: Texas Tornado Likely Had 200 Mph Wind Brothers Arrested in NOLA Parade Shooting
Facebook
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Community Calendar
Loading…
Events by eviesays.com
Seasonal Content
Video