The Appoquinimink School Board is learning more about what led to a nearly $5 million budget deficit discovered earlier this year.
At a meeting on October 7, Board of Education members heard from two consultants working with the district to unravel the complex chain of accounting failures that led to the shortfall. While an investigation this summer by the State Auditor’s office highlighted issues with the district’s financial management, the consultants also focused on recommendations to right the district’s fiscal ship for the future.
The consultants’ report found that there was a single person responsible for financial reporting, creating a vulnerable point of failure…