MCPS auditor says report indicated a loss of $792 but actual loss was over $9000

Just out from MCPS Internal Audit:  The Northwest High School Independent Activity Fund Audit Report.

Among the findings:
  • Excessive and unauthorized amounts of student money spent on staff refreshments and staff appreciation (a.k.a gifts)
  • Yearbook activity that produced a huge loss. The financial statement indicated a loss of $792, but the auditors determined that the actual loss was over $9000.
  • Field trip fees that exceeded the actual cost of the field trips
  • Charity funds that had been collected but never turned over to the charity
  • And much more

The entire report is available at:
http://audits.montgomeryschoolsmd.org/school/northwesths

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