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Audit: Funds Mismanaged in Greece: R News

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Uploaded by on Mar 17, 2010

Mismanagement and a general lack of oversight by the board are among the issues a state comptroller's audit of the Greece Central School District reveals.

Comptroller Tom DiNapoli's report found former Greece School District officials did a disservice to taxpayers. He says they failed to monitor a $120 million capital improvement project and other financial activities.

The report found mismanagement and oversight under former superintendent Steven Walts. It led to the district overspending by $2.5 million on a capital improvement project that is three years overdue and still not finished.

The audit found that some expenditures were moved to the district's general fund...

Read the rest here:
http://rochester.ynn.com/content/360395/audit--funds-mismanaged-in-greece

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