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Saturday, November 29, 2014

Auditor reports over $25,000 loss at Gaithersburg HS

After a long delay, MCPS has finally put the Gaithersburg High School Independent Activity Fund (IAF) report online.   The IAF is comprised entirely of student money and is administered by the principal.

Among the findings:
  • A cumulative loss of student money during recent years of $25,500 related to production of the yearbook. 
  • Course fees that are being used to pay for things other than course costs. All course fees are illegal, but the auditors are now reporting that some of the illegal course fees aren't even being used to pay for course materials.
  • Negative balances in several accounts.
The entire report is available at:
http://audits.montgomeryschoolsmd.org/school/gaithersburghs
 
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4 comments:

  1. AnonymousNovember 29, 2014 at 4:51 PM

    No wonder the principal wants a cell tower. Looking for a way to cover up these losses. What happened to the Gaithersburg HS Foundation?

    ReplyDelete
  2. AnonymousNovember 30, 2014 at 1:05 AM

    Another Rock Terrace?

    ReplyDelete
  3. Local Tax ExpertNovember 30, 2014 at 11:13 AM

    This report might be just the tip of the iceberg, but there is actually more than one iceberg, if you know what I mean. Stay tuned for the bigger story!

    ReplyDelete
  4. AnonymousNovember 30, 2014 at 7:48 PM

    Quick before it melts!

    ReplyDelete

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