Taylor Releases Ironton City School District Audit

Tuesday, May 29, 2007

Lawrence County -

State Auditor Mary Taylor released the Ironton City School District audit today. The audit shows $259 in missing athletic ticket sales and more than $24,000 in collected, but undocumented, athletic department funds.

“Whether spending or collecting public funds, it is crucial that every dollar is properly documented and accounted for,” Taylor said. “Failure to account for public money increases the potential of fraud or theft.”

The $259 in missing ticket sales has since been repaid. Auditors say no documentation exists to show where the $24,145.58 originated. Consequently, the auditors were unable to determine if all funds were properly collected and deposited.

Taylor recommends that the district implement a system of checks and balances (internal controls) for collecting and depositing athletic tickets sales for all sporting events.

The Ohio Auditor of State’s Office is one of the largest accounting offices in the nation.  The office strives to ensure that all public funds are spent legally and appropriately and works aggressively to root out fraud, waste and abuse in public spending. Taylor encourages anyone suspecting fraud or misspending of public dollars to contact her office toll free at 1-866-FRAUD-OH (1-866-372-8364).

A copy of the full audit is available online at http://www.auditor.state.oh.us/AuditSearch/Reports/2007/Ironton_City_School_District_06-Lawrence.pdf.