School district says state will intervene in finances

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SHELBY, Miss. (AP) — The superintendent of a Mississippi Delta school district says the state Department of Education will take oversight of finances because the district can't produce audited financial statements.

The Bolivar Commercial reports North Bolivar school district Superintendent Maurice Smith told the school board Monday that the district had produced an audited financial report for the 2015 budget year. However, he says books are in such disarray that the auditor can't produce an audited statement for the 2016 budget year.

Smith tells school board members the state will appoint a financial adviser, who will have to approve district spending. Such an adviser is an intermediate form of state intervention short of a state takeover.

Smith says he believes an auditor will be able to produce a statement for the 2017 budget year.

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Information from: Bolivar Commercial, http://www.bolivarcom.com


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