Greencastle Schools Fire CFO Over Lack Of Deposits

Some of the checks were dated as far back as March, despite a state law requiring that they be deposited within 24 hours of receipt.

20 Dollar Bill

Photo: Thomas Hawk / Flickr

As much as $3 million may have gone undeposited.

The Greencastle School Board fired its Chief Financial Officer Clayton Slaughter on Monday night, two weeks after discovering he was in possession of more than $3 million worth of uncashed checks in his office — some dating as far back as March 3.

Indiana Code requires public funds to be deposited the day after they are received. According to the Greencastle Banner-Graphic newspaper, Slaughter has been out of the country, and the school board wanted to give him the opportunity to defend himself when he returned.

The board heard Slaughter’s case in private, after which they held a public meeting.  More than 50 Greencastle residents gathered, expecting to hear the details regarding Slaughters accusations. But during the brief meeting, the board members voted to fire Slaughter and immediately adjourned without giving the public any information.

Greencastle resident Tyler Wade says he expected more from the administration.

“As the people who are entrusted to be in charge of the school corporation and be able to be the representatives of the taxpayers, they owe us more than the two and a half minutes we got tonight,” Wade says.

School Board Secretary Mike Dean would not speak about Slaughter’s case, saying the board does not  comment on personnel issues. Attempts to reach Slaughter were unsuccessful.

Kyle Clayton

Kyle Clayton is a WFIU news producer. He is currently studying journalism at Indiana University and comes to WFIU following an internship in the fall of 2011. After serving in the U.S. Army, he returned home to Indiana in 2008 to begin his education and pursue his interests in writing.

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