Auditor reveals $1.6 million school district deficit - WTVM.com-Columbus, GA News Weather & Sports

Auditor reveals $1.6 million school district deficit

by Roslyn Giles  - email | bio

COLUMBUS, GA (WTVM) - The Randolph County School Board is trying to dig its way out of a financial rut created during the previous administration. The new board headed by Diane Watkins, Superintendent and Board Chairman, James Mock took office 2 weeks ago.  Friday during a special called meeting, the board learned just how deep its money woes are.

An independent audit conducted by Geer and Associates of Atlanta revealed the findings.  The problems included the following:

 $-285,000 Current Cash Balance

 $332,000 Money owed to SPLOST (Capital Projects Fund) A State Violation

$386,000  Nutrition Fund

$646,000  Outstanding Payables

$75,000    Delinquent Insurance

The total approximate deficit is $1.6 million, according to Will Geer, CPA from Geer and Associates.  "The board will apply for a Tax Anticipation Note to try to get funds. They will go to the bank and get money based on the amount of taxes paid last year," says Geer.

Parents and taxpayers say they were not shocked to hear the findings.  Marjorie Lakes, a concerned citizen says, "The findings are outrageous. They should have found things before now."  Faye Castleberry who has five grandchildren in the schools says, "The superintendent and board chairman and everyone need to come together and get off this race thing."

Geer says no criminal activity has been determined. He says the focus now is getting the district's financial situation under control.




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