A Lebo Citizens reader sent me this very important tool kit that comes from the School Superintendents Association, AASA. Instead of taking pictures of bathrooms and water fountains, providing this toolkit for cost-effective financing for school construction and renovation might have been a better use of his time. No worries, Timmy will get his raise and probably a bonus for his valuable contributions to the high school project. http://www.aasa.org/content.aspx?id=12676
But superintendents aren't the only ones who receive sound, financial advice from their organizations. The American School Board Journal cautions its members when making district investments. Collateral Damage, written by Charles K. Trainor, an ASBJ contributing editor, is a certified fraud examiner and certified internal auditor. His article makes me curious as to how MTLSD's available funds are invested. According to Jan Klein's July 1 document to the school board, there is
I wonder if Charles K. Trainor, president of Management Audit Consultants, Inc., would come to Mt. Lebanon since we have been using the same auditors for twenty five years. Jan Klein has quite a bit of money stashed away. I hope it has been invested wisely. For some reason, the school board directors don't want to touch it.
Please note:
It is August and the 2013-14 Final Budget has not been posted.
No word on level funding on the district website.
Next school board meeting is August 12, 2013.
But superintendents aren't the only ones who receive sound, financial advice from their organizations. The American School Board Journal cautions its members when making district investments. Collateral Damage, written by Charles K. Trainor, an ASBJ contributing editor, is a certified fraud examiner and certified internal auditor. His article makes me curious as to how MTLSD's available funds are invested. According to Jan Klein's July 1 document to the school board, there is
- $1.7 million in the Asbestos Fund
- $6.35 million in the General Capital Project Fund
- $3.24 million in Excess General Funds remaining form 2011, 2012, and 2013 (estimated)
I wonder if Charles K. Trainor, president of Management Audit Consultants, Inc., would come to Mt. Lebanon since we have been using the same auditors for twenty five years. Jan Klein has quite a bit of money stashed away. I hope it has been invested wisely. For some reason, the school board directors don't want to touch it.
Please note:
It is August and the 2013-14 Final Budget has not been posted.
No word on level funding on the district website.
Next school board meeting is August 12, 2013.