Audit says Taylor County school finances in good shape

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No deficiencies or weaknesses found

By Leslie Moore

Taylor County School District's finances for the 2011-2012 fiscal year were found to be in order after a recent audit.

Jeff Sprowles of Wise, Buckner, Sprowles & Associates announced the news at Taylor County School Board's regular meeting last Tuesday.

According to the auditor's report, cash and cash equivalents at the end of the year were $4,540,887. Total assets were $19.2 million. Liabilities were $6,888,671. Total net assets were $12.3 million.

A total of $1.2 million went into general operations.

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