Audit under way to find $30K missing from Spencer County HS - wave3.com-Louisville News, Weather & Sports

Audit under way to find $30K missing from Spencer County HS athletics

Chuck Adams Chuck Adams

By Carrie Weil - bio | email
Posted By Mike Dever - email

TAYLORSVILLE, KY (WAVE) - Spencer County School officials are investigating after $30,000 came up missing from the school's athletic fund.

From the looks of things, all is quiet at Spencer County High, but behind the scenes, there's plenty of number crunching going on. That's because $18,000 that the high school athletic program normally pays to cover the cost of transporting athletic teams is unaccounted for, and the county school board is now stuck with the bill.

Spencer County Schools Superintendent Chuck Adams says the invoices were simply never paid by the high school. Also missing: thousands of dollars from concession sales at sporting events. Vendors brought the attention to school officials in March, demanding payment of overdue bills.

A yearly, independent audit is now under way in an effort to determine where all the money went. There are lots of possibilities, but one thing is for sure: the school policy requiring receipts was not followed by the school's bookkeeper.

The school's site-based council is making up for some of the lost funds, but it's having to use money that would have gone to improving technology for students.

In the meantime, the school's principal, football coach and athletic director have all resigned.

The audit should wrap up later this month, and we'll keep you posted on the outcome.

Superintendent Adams says when school administrators return for next school year, their first lesson will be on budgeting and new money management policies.

(Copyright 2009 WAVE-TV and Raycom Media. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by Frankly