Money trouble for the Randolph Co. school system - WALB.com, Albany News, Weather, Sports

Money trouble for the Randolph Co. school system

Posted: Updated:

By Christian Jennings - bio | email

ALBANY,  GA (WALB) - A recent audit shows the system is millions of dollars in debt, and will need to borrow around $2.5 million just to make it through the end of the year and pay their teachers.

The board called in Geer and Associates to audit their finances after they fired superintendent Bobby Jenkins last month. The audit showed former managers took money from the school lunch program and SPLOST account and put it in the general fund without board approval.

They also apparently made no attempt to tighten the budget despite a decrease in tax revenue and cuts in state funding. 

"Right now we need to meet this payroll," said School Board Attorney Tommy Coleman. "That's the biggest question. You can't have a school system without teachers and administrators. So we've got to meet that payroll and we've got to go to the markets and the banks and ask them to help us."

Payroll costs the system about $750,000 a month. They also have a million dollars in bills to pay.

At the board meeting Friday at one o'clock, an accountant will go over all the financial issues they are dealing with.

©2009 WALB News. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.  Feedback

Powered by WorldNow