LANSING, Mich. (WLNS) — A number of prison investigations involving a number of legislation enforcement companies are probing how the Potterville Public Colleges common fund was drained of lots of of hundreds of {dollars}.
An impartial audit accomplished this week discovered the district’s fund steadiness — projected in June to be about $800,000 — was lower than $100,000. Consequently, the district is vulnerable to state oversight and take over in addition to extra reporting and monetary actions.
The fund steadiness is the distinction between how a lot cash the district has and the way a lot it has to spend. Michigan legislation requires districts to take care of greater than 5% of unrestricted income within the fund steadiness.
(File/WLNS)
The audit places the district’s fund steadiness at lower than 1%.
Officers from the district confirmed there are prison investigations into the lacking tax {dollars}.
“There are investigations being handled by law enforcement and the district is cooperating fully,” Stacy Ann Sipes, president of the Potterville Public Colleges Board of Educations, wrote in a press release launched completely to six Information Friday night. “We are not able to comment on active investigations at this time.”
The monetary shock was uncovered in an impartial audit of the district’s funds accomplished this week.
Kevin Robydek, superintendent of Potterville Public Colleges throughout the audited time interval, utilized for the place of Superintendent of DeWitt Public Colleges in Might, 2024, and left the district in June 2024 when he was provided the put up.
On July 16, Potterville Public Colleges employed Interim Superintendent Sam Sinicropi.
6 Information requested in regards to the employment standing of Enterprise Supervisor Monica Baker and Sipes declined to remark.
Here is Sipes’ whole assertion:
Employees of Potterville Public Colleges have been notified right now that the district audit for the 2023-2024 college yr was accomplished. The audit revealed that the district has a lower than one p.c fund steadiness. The Board of Training will likely be working with Interim Superintendent Sam Sinicropi to maneuver the district ahead. There are numerous positives to give attention to comparable to being a nationally acknowledged Capturing Children Hearts district, will increase in pupil enrollment, and phenomenal workers.
There are investigations being dealt with by legislation enforcement and the district is cooperating absolutely. We’re not in a position to touch upon lively investigations presently.
Stacy Ann Sipes, president Potterville Public Colleges Board of Training, e-mail assertion November 1, 2024
The Board of Training meets subsequent on November 11.
It is a creating story.
