READING EAGLE: … Chief Financial Officer Robert Peters explained that the mistake occurred at the end of the 2010-11 school year when a district employee erroneously recorded an extra payment from the state. The mistake made it appear that the district received nearly $16 million more than it actually did, he said…
The extra $15.6 million in revenues also was not noticed by state officials when the district’s financial statements were submitted to the Department of Education. Nor was it spotted by a special task force from the Berks County Intermediate Unit, created at the state’s request to review the district’s finances…
It finally came to light last fall after Barbacane, Thorton and Co. performed an audit on the 2011-12 school year… (more)
