On top of a state audit, Sweetwater schools face $11 million negative fund balance after previously projecting a surplus
Sweetwater Union High School District faces an $11 million negative fund balance despite officials claiming they would end the year with a surplus. The San Diego County Office of Education has commissioned an audit after a state fiscal analysis found the district misrepresented its finances for years, frequently under-reporting its spending and over-estimating its revenue. The analysis found widespread breach of internal controls, which raises red flags for the potential of fraud. The report also highlighted the district’s lack of a comprehensive strategy to repay a $68 million debt due in June. Should the school district officials fail to improve the financial situation, the district may require a state bailout and be taken over by the county’s education office, taking years to regain local control.
Click here to read more
Our mission is to deliver meaningful oversight solutions for large-scale programs serving vulnerable populations such as children, seniors, people with disabilities, and crime victims. and more.