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Interim CFO reports accounting problems, duplicate payments exceeding $500,000 at William Penn SD
Summary
Interim chief financial officer David Seblowski told the board the business office found reconciliations and audit-adjusting entries that were not posted, multiple duplicate payments (more than $500,000 so far), and a backlog of unrecorded wire transfers; staff are rebuilding year-to-date records before preparing a treasurer's report.
David Seblowski, the district's interim chief financial officer, told the board that his short, three-month review of William Penn's business office uncovered accounting and control problems that must be corrected before the district can present reliable monthly financial reports.
"I'm gonna be brutally honest with you, and it's it's really not good news from what we have found, so far," Seblowski said, summarizing his initial findings after starting mid-November and working on-site three days a week.
Seblowski said the district's audited financial statements for the year ended June 30, 2024, include adjusting entries from…
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