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On top of a state audit, Sweetwater schools face $11 million negative fund balance after previously projecting a surplus

11/15/2018

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​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.

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Vander Weele GroupLLC

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  • Home
  • What We Do
    • Fiscal Monitoring >
      • Risk Assessments
    • Programmatic Monitoring
    • Investigative Services >
      • Investigations
      • Investigative Strategy
      • Data Analytics
      • Intelligence
  • Who We Serve
    • Education
    • Government
  • Who We Are
    • What We've Done
    • How to Find Us
    • Certifications and Codes
  • Resources
    • Bootcamp >
      • Grants Compliance
      • Fraud Waste and Abuse
    • Uniform Guidance
  • Blog