Sunday, April 22nd, 2007
Accounting scandal in Public Education!!!
Update 01: Got the management letter from a friend at bottom of post. Am posting the item of interest.
Guess what? The Sedro-Woolley School District decided to pull an accounting trick that the State Auditor's Office caught with a recent management letter. The Skagit Valley Herald Newsroom did a stellar job in reporting last Friday that, "The terms of the $2 million 2003 bond issue from which the money came authorized the use of the proceeds for purchase of property and capital improvements but not for curriculum or payroll, according to the auditor’s letter. Limited general obligation bonds are authorized by the Sedro-Woolley School Board and repaid out of district revenues."
A different kind of bond is being proposed and ballots are due at 2000 Hours/8 PM 24 April. Not knowing this information, I voted yea. You can go HERE for why - for one, we need to replace a middle school I was just in a few months ago returning a textbook from 1979 I had bought at a book sale.

