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Keeping watch: School districts must keep track of their money
Oct 17, 2007
"I put those people in place. I trusted them. I had no idea they would do anything like this." Sometimes trusting your fellow man is a mistake. ...
http://www.sltrib.com/ci_7205713
Sometimes trusting your fellow man is a mistake. Davis School District found that out when it apparently was bilked out of at least $4.3 million. Three district employees have been indicted for fraud and embezzlement in that case.
A Legislative Auditor General's performance audit of other Utah school districts found that the "weaknesses" in the Davis control system have been corrected and other districts aren't vulnerable to the same type of fraud since they have adequate controls in place.
That is comforting, as far as it goes. But the audit also showed that some district foundations, organizations that raise money to supplement state funding for school programs and materials, are not being watched adequately by the school districts they are meant to help.
The Weber School District Foundation was the victim of an embezzlement scheme and lost more than $1 million because no one was overseeing how donation checks were recorded and deposited. Read more
