The Madison County School System enjoyed a “very good audit report,” superintendent Mitch McGhee said, save a few minor details.
Some construction money wasn’t labeled correctly as a result of adjusting to a new system used by auditors.
“Some accounts were mis-posted,” McGhee said. “Those were corrected. All money is accounted for. All money was spent in the appropriate place.”
Auditors complemented the school system for school spending controls, McGhee said. Madison County has been cited in audits for school-based spending issues in the past, he added.
“They pointed out that we had addressed those issues,” McGhee said.
Each school board member will be mailed an official report of the audit.
Water agreement finally reached
The Madison County School System will buy county Industrial and Development Authority (IDA) water to irrigate the Madison County Middle School athletic fields rather than enter into an agreement for use of a private well.
The Madison County School System will pay the IDA the same rate — $3.50 per thousand gallons — it charges all other government entities. There’s a $53 per month minimum payment included in the contract.
The BOE twice tabled action on the matter before opting to contract with the IDA for water.
Madison County collected $52,000 more in February in SPLOST over January. The system’s SPLOST receipts for February were also $35,000 more than what it took in for Feb. 2008.
The SPLOST report lags two months behind the actual spending, so SPLOST figures represent money generated in the busy shopping month of December.
With a lack of retail business in the county, the majority of school system’s SPLOST revenue is tied to gasoline sales.