Wednesday, October 29, 2008

Oops! Comstock Park budget off by $400K

Oops! Comstock Park budget off by $400K
"Instead of $931,000 in its reserve fund, the district has just under $540,000 and now district leaders are working with accountants to sort it all out.
Basically, in June 2008, the school board approved a 2008/2009 budget with a reserve fund of $931,000. Then auditors did their annual audit and found the fund was off by about $400,000."

This is a SCHOOL district.
And it doesn't sound like a simple mistake.

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