$43,799 in Cash Collected for Student Activities not Deposited into Monroe High School Account

Auditors investigating a Monroe City Schools high school found $43,799 in cash collected for various student activities was not deposited into the school’s bank account.

After the chief financial officer for the Monroe City School Board discovered discrepancies in the amounts of cash collected and deposited into the Carroll High School Student Activity Fund, the Legislative Auditor’s office was asked to investigate.

High school records showed that between July 2014 and June 2017, $43,799 in cash was collected but not deposited. The former bookkeeper issued receipts for the cash and posted the transactions to the high school’s accounting records, but bank statements did not reflect any deposits of the money.

The former bookkeeper, who retired in June 2017, told auditors she was responsible for the cash, but did not take the missing funds. Since the former bookkeeper had custody of the missing cash and was unable to explain its whereabouts, she may have violated state law.