Audit Looks at Accounting Procedures

By Clair, Chris | Daily Herald (Arlington Heights, IL), August 23, 1998 | Go to article overview

Audit Looks at Accounting Procedures


Clair, Chris, Daily Herald (Arlington Heights, IL)


Byline: Chris Clair Daily Herald Staff Writer

An audit of Arlington Heights Elementary District 25's accounting procedures shows the district's policies and procedures for approving purchases and disbursement of funds are unclear.

Furthermore, this weakness is likely what led to recent controversy over how professional growth funds were spent, according to a special audit ordered in July by the school board. These funds were meant to be used for education seminars, textbooks and conference expenses.

The accounting firm of William F. Gurrie & Co. of Oak Brook spent several days looking at District 25's internal accounting policies and procedures concerning purchasing, interest accounts used for emergencies and use of the district credit card.

Timothy Cole, an accountant with the firm, said in his report that although the district's procedures require that purchases over a certain amount be approved by an administrator, often this is not done in District 25. Approval is instead obtained after the order has been placed.

Cole told the board he's almost certain this is what led to the current controversy over administrators and principals purchasing personal computers with professional growth funds. …

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