Accounting Error Leaves Pa. District Short $15M

Accounting Error Leaves Pa. District Short $15M

Updated:
READING, Pa. -

The Reading School District says an accounting error has left it short more than $15 million.

Board President Robert F. Heebner Jr. tells the Reading Eagle http://bit.ly/100L2g2 that said revenues for the 2010-11 school year were overstated by about $15.6 million. The mistake was uncovered by district auditors.

School administrators are still working to learn more about how it happened. The board's vice president, Pierre V. Cooper, says it's not clear what the impact will be. But officials say the district will be able to make payroll, and they're confident that taxpayers won't be hurt.

Three lawmakers are demanding a state audit of the district.

 

Information from: Reading Eagle, http://www.readingeagle.com/

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsMore>>

  • Only On Fox: Arsonist On The Loose In South Jersey Town

    Only On Fox: Arsonist On The Loose In South Jersey Town

    Wednesday, April 16 2014 4:45 PM EDT2014-04-16 20:45:07 GMT
    It started with a brush fire, then another fire at the rear of this home on Monroe Street and finally a blaze that swept through this vacant home up the block, just a few feet away from where Emma Sethman
    It started with a brush fire, then another fire at the rear of this home on Monroe Street and finally a blaze that swept through this vacant home up the block, just a few feet away from where Emma Sethman
  • Teenage Boy Reported Missing In Camden

    Teenage Boy Reported Missing In Camden

    Teenage Boy Reported Missing In Camden

    Monday, April 21 2014 1:06 AM EDT2014-04-21 05:06:41 GMT
    Officials say Michael Edwards was last seen when he left his home on the 700 block of Berkley Street. He is described as a black male 5’5, 120 points, with brown eyes and black hair.Officials say Michael Edwards was last seen when he left his home on the 700 block of Berkley Street. He is described as a black male 5’5, 120 points, with brown eyes and black hair.
    Camden County Police are looking for a 15-year old teenage boy reported missing Saturday night.
    Camden County Police are looking for a 15-year old teenage boy reported missing Saturday night.
  • Police Search For Person Of Interest In Collingdale Hit-And-Run

    Police Search For Person Of Interest In Collingdale Hit-And-Run

    Monday, April 21 2014 1:05 AM EDT2014-04-21 05:05:34 GMT
    A man was struck by a SUV in Collingdale early Saturday morning. Police responded to reports of a hit and run on the 900 block of Bedford Avenue around 5:30 a.m. Upon arrival, they found a Range Rover crashed into a Chrysler 300 and a man was also laying the lawn of 919 Bedford Avenue covered in blood. The victim was transported to Crozer Chester Medical Center. He is in surgery with severe head and severe lower b...
    A man was struck by a SUV in Collingdale early Saturday morning. Police responded to reports of a hit and run on the 900 block of Bedford Avenue around 5:30 a.m. Upon arrival, they found a Range Rover crashed into a Chrysler 300 and a man was also laying the lawn of 919 Bedford Avenue covered in blood. The victim was transported to Crozer Chester Medical Center. He is in surgery with severe head and severe lower b...
Powered by WorldNow

KTBC FOX 7
119 East 10th Street
Austin, TX 78701

Phone: (512) 476-7777
Fax: (512) 495-7001

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices