Will officials that bankrupted Monticello school be charged?

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curious

Williamston, SC

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#1
Dec 22, 2012
 

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Shouldn't the officials that caused the school to go bankrupt have to pay some sort of consequences? Isn't anything going to be done about their actions?
the Guardian

London, KY

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#2
Dec 22, 2012
 

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I'm sure that alot of people..students, parents, teachers, staff, and tax payers are curious too. Maybe the State Auditor and KSP need to look at things like they do for County Court Clerks, former Sec. of Ag, and other state and local officials. Seems there's alot of questions to be answered that suddenly caught all us by surprise?
Former student

London, KY

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#3
Dec 22, 2012
 
They sure should. I mean, it's a no brainer!! The school should have had the board and superintendant bonded, so why dont they investigate n collect on bonds and then prosicute all that is responsible. This didnt just happen over night ppl, its just took a little while to catch up with it. So sad. I loved mu school. Prayers out to the teachers, staff n children for this will b a difficult transaction!
Fat Man

London, KY

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#4
Dec 23, 2012
 
There were Annual Audits going on here so it shouldn't be hard to find where it all went bad. I'm thinking that the District was well funded until the last Superintendent took over.
I agree that since Taxpayer money went out the door here that there should be a full public accountability and any wrong doing brought to light.
Whoa 1

Somerset, KY

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#5
Dec 23, 2012
 
What about the auditors ? Did they surface issues over the years. I bet the entire board was not aware of all the issues. Sometimes people are very quick to place blame and have no idea what really went on
the Guardian

London, KY

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#6
Dec 23, 2012
 

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Agree..auditors should also be held to answer if they misled the public and the state. But, Supts. should know as much about the finances of a school as their finance officers; and board members are supposed to have required training in school finance as well. So, all should be looked into.
Fat Man

Manchester, KY

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#7
Dec 23, 2012
 

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Auditors look at things from an "acceptable accounting pratices" point and then make reccomendations from that perspective. They don't always find everything, they don't always form all the peoper conclusions to make the proper reccomendations, and then they are not responsible for what is reported, they just report the news, they don't make it.
From the limited information I have been able to gather, the school didn't have "terminal" issues a couple years ago. Not saying that there weren't financial issues, especially if the state and federal money were to dry up, which it did.
The last state audit fairly well sums it up. No one has been minding the store for at least 28 months, no bank statement reconcile, no proper budget, money unwisely spent.
the Guardian

London, KY

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#8
Dec 23, 2012
 

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It would seem that some shady and perhaps illegal land decisions or deals were made several years ago that put the district behind the 8 Ball and combine that with more positions that were not needed with inflated salaries and failure to adjust or decrease staffing according to declines in funding and revenues along with administrators and financial staff that did not know what they were doing and also vilolating several state laws on bidding and purchases led to the downfall of the school. All in all, some folks need to be held responsible just like other state and local officials if they mishandle state and Federal funds and violate the law and not escape under the cloak of a quick attempt to merge or consolidate before an investigation revealed their wrong-doing..then walk away clear. Too bad for the students, parents, teachers, and tax payers that this has happened. They deserved better from their leadership.
citizen 3

London, KY

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#9
Dec 23, 2012
 

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Fat Man wrote:
There were Annual Audits going on here so it shouldn't be hard to find where it all went bad. I'm thinking that the District was well funded until the last Superintendent took over.
I agree that since Taxpayer money went out the door here that there should be a full public accountability and any wrong doing brought to light.
The books had not been balanced in 28 months, if that tells you anything.
Wolfman

Eubank, KY

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#10
Dec 23, 2012
 
As American Treasure said, "somebody has to go to jail".
Wolfman

Eubank, KY

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#11
Dec 23, 2012
 
Make that National Treasure.
Fat Man

Somerset, KY

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#12
Dec 23, 2012
 
citizen 3 wrote:
<quoted text>
The books had not been balanced in 28 months, if that tells you anything.
I think the Audit said that the Bank statement had not been reconciled in 28 months... Don't know about the ledgers
citizen 3

Science Hill, KY

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#14
Dec 23, 2012
 

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Someone was negligence of a criminal nature. Jail time is warranted.
whoa 1

Somerset, KY

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#15
Dec 23, 2012
 

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citizen 3 wrote:
Someone was negligence of a criminal nature. Jail time is warranted.
sorry but I doubt that you really know that factually. you are putting junk on here now.
citizen 3

Science Hill, KY

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#16
Dec 23, 2012
 

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whoa 1 wrote:
<quoted text>sorry but I doubt that you really know that factually. you are putting junk on here now.
Wanton neglect of public funds is a crime
Rock Brite Wong

Science Hill, KY

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#17
Dec 26, 2012
 

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curious wrote:
Shouldn't the officials that caused the school to go bankrupt have to pay some sort of consequences? Isn't anything going to be done about their actions?
Should be prosecuted
oops

Monticello, KY

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#18
Dec 27, 2012
 

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Misappropriation of funds is illegal, but bad decisions are not. What happened in this case that got them in such debt? Doesn't the whole board make the final decisions?
the Guardian

London, KY

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#20
Dec 27, 2012
 

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oops wrote:
Misappropriation of funds is illegal, but bad decisions are not. What happened in this case that got them in such debt? Doesn't the whole board make the final decisions?
I believe that a Board of Education can only approve what the Supt. recommends. So, it would seem to me that a Supt. should know the laws and regulations in order to make the proper and "legal" recommendations for the Board to consider and vote on, then recorded in the Board minutes. If things were done outside of that authority, then someone is accountable for the consequences.
FYI

London, KY

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#21
Dec 27, 2012
 

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the Guardian wrote:
<quoted text>
I believe that a Board of Education can only approve what the Supt. recommends. So, it would seem to me that a Supt. should know the laws and regulations in order to make the proper and "legal" recommendations for the Board to consider and vote on, then recorded in the Board minutes. If things were done outside of that authority, then someone is accountable for the consequences.
They can also vote against Supt. in any decision making.
really

Somerset, KY

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#22
Dec 27, 2012
 

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keep it under the 20,000 mark and bids do not have to be taken nor does it take board approval although i would say that some board members probably knew of what was going on. not all of them but maybe one or two.

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