MORGAN — A recent audit of Morgan County School District uncovered two findings and has administrators worried about the future.
The audit suggested the district could improve on the system used to reconcile cash accounts as well as maintain segregation of duties for those handling cash at Morgan High School.
Business Administrator D’Lynn Poll said Morgan High runs $800,000 to $1 million through its books every year. The amount was enough to catch the auditors’ eyes. The district plans to implement a plan, so different people have assigned responsibilities, including taking cash in, remitting it in the system, depositing it in the bank, reconciling it and reviewing the bank statement.
After reviewing the audit, Superintendent Ken Adams said the school board would have to be careful with next year’s budget. For the past two years, the state Legislature has allowed school districts to use money from capital budgets for other expenses, such as teacher salaries. However, the practice may be coming to an end.
“We could be in a position where we cannot maintain our current staff,” Adams said. “There’s some really hard questions we’re going to have to ask.”