SCHOOL BOARD HEARS 2013 AUDIT - Audit Mostly Positive, Shortcomings Issued For Correction

(08/13/2014)

By Bob Weaver With Calhoun Schools being challenged by significant financial problems, the Calhoun Board of Education reviewed the 2013 audit report at Monday's meeting, the audit being a requirement of the WV Department of Education. Director of Finance Dan Minney released the report, which overall shows the school system has been following most budgetary and operational requirements, but some areas surfaced with problems. School officials have maintained that an $800,000 deficit was not connected to any wrongdoing, indicating the shortfall was mostly linked to a decline in student enrollment and financial resources. The 2013 audit disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards, but a few shortcomings were listed for correction. The audit determined that the Calhoun County Board of Education did not publish its annual financial statements within the ninety days after the beginning of the subsequent fiscal year. "The Calhoun County Board of Education did not have the necessary procedures in place to ensure that the annual financial statements were published in the required time limit," said the audit. "It was determined during our audit that the Calhoun County Middle/High School did not make timely deposits of cash receipts as required by the Accounting Procedures Manual for Public Schools in West Virginia." Additionally, the audit said "It was determined during our audit that the Calhoun County Middle/High School did not follow proper purchasing procedures." School officials noted that a new financial officer was hired and charged with correcting the shortcomings. Financial officer Minney did not issue comments regarding the audit to the Hur Herald. Calhoun Schools are placing an operating levy on Novembers ballot, after the levy narrowly failed in May. READ COMPLETE AUDIT 2013 Audited Financial Statement

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