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Knox County Schools audit finds recurring internal control issues; district pledges corrective action
Summary
Auditors told the Board Jan. 5 that internal school funds handled roughly $27.5 million in receipts in 2024-25 and that recurring control weaknesses remain; district officials said principals will submit corrective action plans beginning FY26 and the district has engaged QCPAs to strengthen oversight.
Ted Hodes, an auditor with PEW CPAs, told the Knox County Board of Education on Jan. 5 that a 2024-25 audit of internal school funds showed heavy transaction volume and a set of recurring internal control findings.
"The total cash from all the schools at the June 2025 was over $18,000,000, 18,600,000," Hodes said, and he reported combined receipts of about "$27,500,000" with expenditures near "$25,800,000." He said the engagement covers funds held at schools, not central office transactions, and that the audit is a cash-receipts-and-disbursements review.
Hodes listed the most frequent findings: segregation of duties, negative fund balances, disbursement and receipt…
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