WFHB Bloomington Community Radio
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The Richland-Bean Blossom Community School Corporation may hire a national private investment banking firm to assist with it’s finances.
The recommendation comes after R-BB superintendent Mike Wilcox made an error when filing the district’s financial documents. That error caused property taxes in the R-BB school district to increase and resulted in $1.1 million in surplus for the school district.
The R-BB school board is considering signing a contract with George K. Baum and company. RBB Board Member Dana Kerr says he’ll bring the proposal before the board tonight.
Kerr says the R-BB School corporation would pay George K. Baum and Co. $7,000 to analyze past budgets, and would pay $1,600 a month for ongoing auditing.
The school board meeting will be held at 7 p.m. tonight, in the school district’s main offices at 600 South Edgewood Drive in Ellettsville.
