La Vergne, TN - A Tennessee Comptroller’s Office investigation has led to the indictment of Valency Horton, the former president of La Vergne Lake Elementary’s Parent Teacher Organization (PTO), after officials discovered she had misappropriated more than $13,000 in PTO funds.
Unauthorized Transfers and Personal Spending
Between April and July 2024, investigators found that Horton transferred money from the PTO’s accounts to her personal Cash App, using the funds for personal purchases and repaying borrowed money. Additionally, she made two unauthorized ATM withdrawals and an over-the-counter cash withdrawal—including one ATM transaction inside an out-of-state casino.
During questioning, Horton admitted to using PTO funds for her personal benefit. While she has repaid a portion of the misappropriated money, she still owes the organization $11,130.99.
Grand Jury Indictment
Following the investigation, a Rutherford County Grand Jury indicted Horton in April 2025 on:
- Theft of property over $10,000
- Violation of the Computer Crimes Act
- Fraudulent use of a credit or debit card
State Officials Urge Stronger Financial Oversight
In response to the findings, Tennessee Comptroller Jason Mumpower emphasized the need for financial safeguards in school support organizations.
“It is important that PTOs have more than one person approving transactions to help prevent fraud,” Mumpower said. “Officials should also regularly review and reconcile bank statements to ensure funds are being spent properly.”
Authorities stress that bank statements should be included in PTO meeting minutes as part of regular accountability measures.
This case highlights ongoing efforts to ensure transparency and financial integrity in school-affiliated organizations across Tennessee. Horton’s legal proceedings will continue in Rutherford County.
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