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Committee asks administration to explore audits and document net‑school‑spending reimbursements after CFO raises discrepancies
Summary
The committee instructed the superintendent to solicit RFQs for audits of facilities and HR and asked for documentation on insurance stop‑loss and prescription rebates after the CFO said previous reporting may have omitted reimbursements affecting net school spending.
A contentious budget and accounting discussion closed the Fall River School Committee’s Jan. 12 meeting, with members asking the superintendent and CFO to gather detailed documentation and explore outside reviews.
Chief Financial Officer Kevin Almeida briefed the committee on stop‑loss reimbursements and prescription rebates that have been recorded unevenly in prior years. Almeida said those reimbursements totaled millions over recent years and that the district is working to…
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