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City Report Raps S.F. Schools on Construction Accounting
The San Francisco city controller’s office has urged the school district to halt all its facilities bond spending and overhaul its accounting procedures.
In a report released last week, the controller’s office concludes that the 60,000-student district has not accurately reported the amount of money it has spent from a $90 million, 1997 bond measure, and does not have the capacity to keep proper budgets.
“This has been an ongoing problem with the school district,” said Monique Zmuda, the city’s deputy controller, who added that there was no evidence of fraud.
In a statement, the district said it was “confident we are correcting any and all discrepancies and problems.”
The district said it was putting new controls in place and was on “solid footing” to spend new bond money approved in 2003.
The school board plans to hold a special meeting to discuss the report.
Vol. 24, Issue 21, Page 4Published in Print: February 2, 2005, as City Report Raps S.F. Schools on Construction Accounting