Audit firm gives Muhlenberg County Schools a clean opinion; board accepts financial reports

The Muhlenberg County Board of Education received a FY2025 audit presentation from Shelly Compton of Carter Riggs & Ingram, who told trustees the district received an unmodified opinion and had no findings in the report on internal control or in compliance for major programs.

Compton summarized financial changes year over year: investments rose by about $2.5 million, taxes receivable decreased by roughly $1.3 million due to timing, general fund revenues increased roughly $2.0 million to about $55,000,000 and general fund expenditures rose about $4.1 million. Compton noted plant operations rose approximately 2.4 percentage points due to roofing repairs, a middle school parking lot and new lockers, and that food service net position decreased by about $200,000 largely from daycare fee declines and higher wages and supplies.

Treasurer remarks to the board earlier in the meeting reported January revenues of roughly $11,640,000 (including about $7.3M in TBA funds), accounts payable and payroll totals, and high-dollar outgoing checks in the current payment run. Trustees voted to approve the treasurer's report and the payment of bills and salaries by voice vote.

Compton also identified a few routine "Red Book" comments from school-level samples (missing dual initials on a deposit slip at the high school and a delayed deposit at Greenville) and said the district has responded with additional training. The audit presentation and packet material were accepted by the board under the consent agenda.

Board members did not raise formal objections during the presentation and thanked district financial staff for the work reflected in the audit.