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School board hears audit report

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By Linda Ireland

The LaRue County School System ended fiscal year 2013 with a cash balance of $9.8 million, according to an audit prepared by Stiles, Carter & Associates, P.S.C.
During the year, the district improved its financial position by $131,000, according to Philip Logsdon, a certified public accountant with SCA.
Logsdon presented the audit at the school board’s Oct. 21 meeting.
The general fund had $18 million in revenue through state SEEK funds, state on-behalf payments for retirement and health insurance and property, utilities and motor vehicle taxes.


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