Audit Committee Covers School Findings

The Overton County Audit Committee met last Tuesday and discussed discrepancies that had been found within the Overton County School System budget for the year that ended June 30, 2019.

One discrepancy is that journal entries were posted to the General Purpose Fund that did not properly reflect the operations of the fund.

According to the report, “journal entries totaling $215,618 were made near the end of the fiscal years to reclassify expenditures from their proper account codes that did not reflect the true nature of expenditures.”

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