Posted on 12/19/2003 10:40:09 AM PST by NormsRevenge
Edited on 04/12/2004 6:02:09 PM PDT by Jim Robinson. [history]
An outside auditing firm this week gave a highly questionable retirement deal the kind of tough scrutiny it ought to have received three years ago from the elected Sacramento City Unified School District trustees. If the trustees who approved the deal had been more vigilant at the time the California Administrative Services Authority (CASA) was formed, the glaring problems raised in the audit -- self-dealing and apparent conflict of interest by district administrators; potential fiscal liabilities for a district that can't afford to squander money -- this dubious scheme might never have taken flight at all. The trustees' best move now is to undo this pungent mess before it does greater financial or legal damage to the district.
(Excerpt) Read more at sacbee.com ...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.