The Indiana State Board of Accounts released a Jan. 29 report noting Nettle Creek School Corporation was deficient in managing some bank accounts and in submitting required reports to the state.
The report examined the management of the school corporation’s extracurricular bank accounts from July 1, 2021, to June 30, 2023.
SBOA said the school system had insufficient internal controls for managing the bank accounts during that time and that extracurricular funds were improperly comingled with school corporation funds for two fiscal years.
Additionally, the SBOA report said that during the fiscal year ending June 30, 2022, the school corporation did not submit any required reports to the state for its extracurricular fund, including bank account reconciliations, bank statements, outstanding check lists and fund ledgers. The failure to report led to a balance discrepancy of $358,866 in cash and investment funds during that fiscal year.
SBOA’s report, available online, was for informational purposes only and did not specify any resolution or consequences for the issues raised.
WWN asked the school corporation to comment on the report and what actions, if any, were taken as a result of the report but did not receive a response before press time.
A version of this article appeared in the February 12 2025 print edition of the Western Wayne News.