Audit says Campbellsville schools finances are in order

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Net assets at end of 2011-2012 fiscal year were $14.1 million

By Calen McKinney

Campbellsville School District's checkbook is in order, according to an auditor's report of its 2011-2012 fiscal year finances.

Jeff Sprowles of Wise, Buckner, Sprowles & Associates presented the report to Campbellsville School Board members during Monday night's regular meeting.

The report says there are no deficiencies in the district's finances and its audit statements accurately reflect its financial status.

Sprowles said the report shows that the district's federal and state revenue both declined in the 2011-2012 school year.

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