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Fayette County School District Audit Reveals Financial Chaos | Lexington News
An independent audit just slammed Fayette County Schools for serious financial mismanagement — weak controls, outdated policies, and unchecked spending that’s left them in a multi-year accounting crisis. The district admitted last year they were $16 million short, and now auditors confirm leaders bypassed budget approvals, ignored reviews, and failed to track risks — even letting funds dip below state and internal requirements. Travel rules haven’t been updated since 2013, expense reports lacked documentation, and critical errors plagued their bookkeeping. Board leadership admits they missed…
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