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Assembly orders internal audit of central treasury after discovery of $5.4M owed by school district
Summary
Following a staff memo that identified roughly $5.44 million owed to the borough by the school district, the assembly introduced a $30,000 appropriation for an internal audit of the central treasury and directed the borough attorney to research possible legal violations and misleading statements by the district.
The assembly voted on Dec. 15 to introduce an ordinance appropriating $30,000 from the general fund to pay for an independent internal audit of the borough’s central treasury processes related to education funding, and directed the borough attorney to research and report any violations of law, school-board policy or misleading communications by the school district over the prior seven years.
Manager’s memo (Nov. 20) and staff presentations summarized a short-term payable of about $5,441,339 that…
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