The Knox County Trustees Office has been in the spotlight for un-earned bonuses paid to several workers. Tuesday, the county's audit committee heard about other issues in the trustees office.
Recent audits addressed issues in both the trustees office and the school district. Findings were presented at the audit committee meeting on Tuesday morning.
Auditor KPMG described a significant deficiency in financial reporting at the trustee's office. The audit said the trustees office did not produce information for the county's annual financial report in a timely manner.
Drafts of financial reports through the year did not balance and bank accounts were not reconciled in a timely manner. The trustee's office blames most of the problems on new financial accounting software. Knox County Commissioner and Audit Committee members Amy Broyles said the problem cost the county $12,000 and the audit committee is now asking for quarterly reports.
"It's not gonna effect our interest rate or anything like that. Now, if it continues, it would, but I think we've got a plan in place that will prevent that from occurring again. But again, in light of it, was a mistake that cost us over twelve thousand dollars. That's tremendous," said Broyles
Broyles said that issues at the school district also cost the county about $12,000. Namely, that state BEP money was not fully spent at various schools.
Auditors said expenses on instructional supplies should be recorded in a different ledger to make sure all the BEP money is properly spent. The school district said it will stress the importance of spending BEP funds each year.
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