Error in Scranton Budget Puts Bottom Line Off By Nearly $800,000

Turns out Scranton didn’t balance its 2015 budget.

Through an error, the city budgeted $783,000 more in expenditures than revenues, city Controller Roseann Novembrino told the mayor and council. She said it needs to be amended to fix the mistake.

City Business Administrator David Bulzoni said he made an error while creating the budget by inputting an incorrect figure from one line item instead of a total number for that one line and three others in the same group.

The four items, which involve lease expenditures, total $833,082.87. Instead of inputting that total amount when adding up that section, Mr. Bulzoni said he used the figure that was above it, $50,000, which was only for the last lease in the group. That resulted in an understating of expenditures by $783,082.87.

Read more: http://thetimes-tribune.com/news/error-in-scranton-budget-puts-bottom-line-off-by-nearly-800-000-1.1821319

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