Quantcast

State auditor gives JSD Fair Rating - KOAM TV 7

State auditor gives JSD Fair Rating

Updated:
JOPLIN, MISSOURI -

The Joplin School District state audit report was released this afternoon. 

Joplin Schools Audit Report (32 Pages)

Findings in the audit of the Joplin School District:

  • The financial condition of the Joplin Schools General and Capital Projects Funds have declined in recent years. The General Fund balance is projected to decline from approximately $16 million in July 2011 to $4.6 million in June 2015.
  • The district used all the same provide to serve as both financial advisor and bond underwriter for all bond and lease participation certificates, and sold general obligation bond and lease participation certificates using a negotiated sale rather than a competitive bid process.
  • The district did not require eleven at-risk 4th grade students who were reading below a 3rd grade level at the end of the 2013-2014 school year to attend summer school prior to the district promoting them to 5th grade.
  • The district  has not performed an annual physical inventory of district assets since 2010, and has yet to remove numerous items destroyed in the May 22, 2011, tornado from the district's capital asset listing. In addition, the capital asset listing does not include more than $11.7 million in capital assets purchased after the tornado.
  • The district has hired some employees for positions in which they did not possess the minimum required qualifications, and there was no documentation supporting the district's acceptance of other qualifications or experience in lieu of the stated qualifications.

Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by Frankly, Inc. All content © Copyright 2000 - 2018 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.