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FY23 audit: Scottsboro City Schools reports $6.9 million revenue gain and ‘healthy’ finances
Summary
At its Aug. 1, 2024 meeting the Scottsboro City Schools board heard an FY23 audit from MDA Professional Group, which reported a $6.9 million increase in revenue, reduced debt and no major irregularities, concluding the district’s finances improved year over year.
Ms. Katie Condit of MDA Professional Group, P.C., presented the Scottsboro City Schools FY23 audit at the board’s Aug. 1, 2024 meeting, reporting that the district recorded $6.9 million more revenue than the previous year, reduced its debt burden and showed no major irregularities.
The audit, Condit told the board, characterized the system’s financial record as sound and noted improvements in revenue and debt levels that indicate a healthier fiscal position compared with FY22. The presentation did not, in the minutes, record any formal board acceptance motion tied specifically to the audit presentation.
Board members asked no recorded follow-up questions in the minutes; the agenda proceeded to routine approvals and action items after the audit presentation. The audit will provide a data point for the board and administrators as they consider the upcoming fiscal year’s budget and program priorities.
