Point Pleasant Register reports
Mason County BOE $2.8 million in debt
by Hope Roush
02.04.10 - 11:41 pm
POINT PLEASANT — The Mason County Board of Education is in hot water due to an overwhelming shortfall in the school district’s general expense fund. The board is currently $2,843,343 in debt.
According to the financial statement audit, the Mason County Board of Education incurred expenditures and/or obligations in the general fund that caused a negative balance for the previous fiscal year, which ended on June 30, 2009. Specifically, the board over expended the money in the capital projects fund, but it was required that the deficit be transferred to the general expense fund.
According to Mason County Schools Superintendent Dr. Bill Capehart, who took office on July 1, 2009, following the end of the fiscal year, the district must come up with an approved plan of action to clear the deficit. Go to Point Pleasant Register to finish reading the story.
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