TEA finds Donna ISD omitted $1 million in financial reports
The Texas Education Agency found that the Donna school district omitted more than $1 million in its financial statements last year, prompting the termination of the district’s auditor and an internal investigation of the business office.
School district officials received a letter from the TEA on May 22, concerning the district’s compliance review for fiscal year 2014. The letter stated there were three findings including discrepancies in financial statements, and a deficit in their fund balance, according to the district’s Chief Financial Officer David Robledo.
“There are three levels of errors,” Robledo said last week. “A finding is like a failure, and is the most severe.”
One of the major findings involved $1.1 million used to purchase new buses that were not accounted for in their annual report, board member Nick Castillo said.
Read more: http://www.brownsvilleherald.com/news/valley/article_752b972c-2454-11e5-ba3d-4763758d202e.html
