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Finance committee advances internal-audit proposal, E-rate procurement change and fund fixes; insurance premiums may require budget changes
Summary
Fayette County’s Budget, Finance & Transportation committee moved a proposal from Forvis Mazars for school funds internal audits and training, recommended switching E-rate purchasing to a cooperative to save ~ $24,000 annually, and advanced a fund transfer to cover payroll; staff warned a 12.1% state health-plan premium increase will require roughly $150,000 more in next-year funding.
The Budget, Finance, Transportation, Plant Operations & IT Committee reviewed audits, procurement options and insurance costs affecting the district’s FY 2025–26 planning.
Finance staff reported the October financials are generally sound but several accounts will need amendments; monthly grant-manager meetings will begin to address those items. Ms. Elliott summarized internal audit findings (about 60 findings) largely attributed to turnover and lack of training among financial…
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