thevermontstandard.com
March 5
12:15 am
12:15 am
An
independent auditor has found a series of budgeting errors that resulted
in the Windsor Central Supervisory Union overspending anywhere from
$200,000 and $700,000 in fiscal years 2019 and 2020.
WSCU Superintendent Mary Beth Banios said Wednesday that the mistakes appear to have been made prior to the completion of the school district merger in 2019.
The full impact of the financial accounting practices will be made public on March 23, Banios said.
“The good news is that the (financial) bleeding has stopped ,” Banios said during a presentation by school district auditor Ronald Smith at Wednesday’s meeting of the WSCU School Board finance subcommittee.
“This is all fixable. Period,” Smith said.
Read more in the March 12 issue of the Vermont Standard.
WSCU Superintendent Mary Beth Banios said Wednesday that the mistakes appear to have been made prior to the completion of the school district merger in 2019.
The full impact of the financial accounting practices will be made public on March 23, Banios said.
“The good news is that the (financial) bleeding has stopped ,” Banios said during a presentation by school district auditor Ronald Smith at Wednesday’s meeting of the WSCU School Board finance subcommittee.
“This is all fixable. Period,” Smith said.
Read more in the March 12 issue of the Vermont Standard.
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