GoBigEd

Saturday, August 26, 2006


LINCOLN GRADE SCHOOL PTO LEADER
IMPLICATES SELF IN THEFT OF NEARLY $27,000

School parent-teacher groups have come a long way from bake sales:

http://www.journalstar.com/articles/2006/08/26/local/doc44ef79c6cf74e445613460.txt

Want to bet that gambling was involved? So sad.

Hope this incident reminds school-related groups, and school employees, too, for that matter, to always require two signatures for checks withdrawing entrusted funds over, say, $50. Also a must: much more regular accounting reports to PTO leadership. Make sure more than one set of hands and eyes are shepherding the money, and keep on top of things. Note that this embezzlement took place over more than six months. That should never be.

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