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District reports $2 million tax overpayment from county software error; funds repaid next day
Summary
Mount Vernon City Schools officials told the board a county auditor software error caused an approximately $2 million overpayment in the district's tax advance; the district returned the funds by ACH the following day and clarified its cash balances for reporting.
District finance staff told the board that a software error at the county auditor's office caused an overpayment of roughly $2,000,000 in the district's third tax advance and explained how the repayment affects current reporting.
During the fiscal-services report, the presenter said the auditor's office "overpaid us by about $2,000,000" on the third tax…
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