Reading School District Short Millions; Lawmakers Want Audit

Officials in the Reading School District announced the discovery of an accounting error that has left the district short more than $15 million.

Board President Robert F. Heebner Jr. said revenues for the 2010-11 school year were overstated by about $15.6 million. Heebner said it is still unclear which revenues were misstated.

That number could change, he said, as the district is still working on digging up all the facts about the incident.

The mistake was missed in audits of the district last year but popped onto the radar during an audit of the 2011-12 school year, which is taking place now.

Read more:  http://readingeagle.com/article.aspx?id=441680