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Cabot School Board accepts 2023–24 audit after administrators report two stolen checks were cashed
Summary
The board accepted the 2023–24 audit and associated corrective actions after Dr. Tony Thurman reported a single finding: two checks were stolen and cashed; administration read a letter to Legislative Audit and said the bank accepted some accountability.
The Cabot School Board on June 17 accepted the district's 2023–24 audit and the corrective actions proposed by administration after the superintendent reported a single finding: two checks were stolen and cashed during the audit period.
Dr. Tony Thurman read a letter to Legislative Audit that described the incident and the steps administration has taken. According to the minutes, Dr. Thurman stated the bank accepted accountability for allowing the checks to be cashed. The board voted to approve the audit and corrective actions; the motion passed 6–0.
Board members did not record further disciplinary or legal steps in the minutes beyond accepting the audit and corrective actions; the board's approval directs administration and finance staff to implement recommended corrective steps and to maintain records of follow-up reporting.
Why it matters: an audit finding involving stolen checks indicates a lapse in internal controls; accepting the audit and corrective actions starts official remediation and reporting to state auditors.
