Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
Kingsport reports unqualified FY25 audit, plans accounting-payments upgrade
Summary
District finance staff told the board the FY25 audit received an unqualified opinion, activity-fund balances rose to about $552,000 across 11 schools, and the district will roll out an upgraded accounting and point-of-sale system beginning Jan. 1 to improve controls and online payments.
At the Nov. 11 Kingsport City Schools Board of Education meeting, finance staff presented the FY25 activity-fund audit and a planned payment-system upgrade.
Mr. Fry said the district received an unqualified opinion from Brown Edwards and Company for the FY25 audit. He reported that eight of 11 schools had no audit findings; one elementary school received an isolated finding related to purchase orders being signed after invoices were paid. "We've talked to them," Fry said, adding staff training and oversight by Loretta Mixon in the finance office help prevent repeat issues.
Across the district the eleven schools held about $552,000 in activity-fund balances, an increase of $61,245 over the prior year. Fry noted examples: Dobyns Bennett holds about $930,000 (a large portion of the district total), Robinson had about $110,000, and elementary schools ranged from the low $20,000s to about $50,000.
To improve controls and convenience, Mr. Fry said the district will upgrade its activity-account software to a newer version from the same vendor and go live Jan. 1. The upgrade includes iPads for concession-stand point-of-sale and expanded online payment options so parents can pay field trips and other fees electronically.
No board action was required on the audit report. The board accepted the report and asked staff to continue monitoring controls, training school secretaries on purchase-order procedures and providing detailed electronic copies of the audit for review.
