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Finance staff and auditors report clean audit and note bond proceeds reporting changes
Rockcastle County Schools Board · December 10, 2024
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Summary
Finance staff reviewed construction-period investment reporting and transfers to the building fund; auditors reported no findings in the June 30, 2024 audit and noted a fund balance of about $5.4 million as of that date.
Finance staff briefed the board on new reporting lines for bond proceeds and construction-period investments, explaining where trustees will find monthly payout and billing details and how the district will separate revenue-bond and general-obligation-bond balances for accounting.
The board heard that a required…
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