The Chilton County Board of Education approved at its meeting Sept. 18 the proposed budget of $77 million for the 2012-2013 fiscal year to be submitted for state approval.

In Wednesday’s edition of The Clanton Advertiser, the budget was listed as $4.5 million, which is incorrect.

Chief Financial Officer Steve Yeargan projected to end the 2012-2013 fiscal year with $4.5 million in reserve.

The state mandates that the board maintain a minimum $4 million reserve on which to operate at any given time each month, and the projected budget fund balance of $4.5 million at the end of September 2013 exceeds state requirements.

Yeargan projected the budget fund balance for Fiscal Year 2011-2012 to be $6.1 million.

Elizabeth Crowson of the State Examiner’s Office presented the board’s audit report from Oct. 1, 2010, through Sept. 30, 2011, and she said the board had complied with all applicable laws and regulations.

Crowson made note of two matters that occurred in the Chilton County School System in that year, both of which merit clarification.

At Thorsby High School, a mistake in coding in bookkeeping had occurred, but Superintendent Dave Hayden said there was no wrongdoing involved.

“It has been addressed and corrected,” Hayden said Wednesday.

At Clanton Elementary School, a teacher had used more than $4,000 of local funds for personal matters.

Hayden said the issue is currently being addressed with Dr. Craig Pouncey, deputy state superintendent of education.

According to the audit report, the funds the teacher had used were repaid.

Hayden also recommended Dr. Cynthia Stewart, vice principal at Chilton County High School, for the principal position at CCHS.

The board approved Stewart for the position.

In other business, the board:

•Approved the Child Nutrition Program’s request to purchase equipment provided funds are available.

•Approved insurance renewal for ARMS General Liability/Errors and Omission Insurance for $43,234 (a $22,255 increase from last year) and for ARMS Automobile Liability Insurance for $17,296 (a $3,896 decrease from last year).

•Approved the following aides for the Community Education Extended-Day Program: Katelyn Caudle, Courtney Evans, Jennifer Scott and Malinda Smitherman, Jemison Elementary; and Haley Locke, Thorsby.