Audit: Schools sloppy with managing money

Published June 28, 2007 4:00am ET



Bookkeepers at four Howard County schools said they did not have the time to make regular bank deposits nor to store collected money in a safe, according to audit reports for the 2005-06 school year.

Deposits must be made at least once weekly and when the amount exceeds $250 in cash or $500 in checks, according to the school system?s policy at the time of the audits, conducted by Internal Auditor John Connors.

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