Auditors Report $2.7 Million Deficit ...

Auditors Report $2.7 Million Deficit from Education

There are 1 comment on the Patch.com story from Dec 6, 2011, titled Auditors Report $2.7 Million Deficit from Education. In it, Patch.com reports that:

After months of reporting a small surplus, the Woonsocket Education Department ended the 2010-2011 year with a $2.7 million deficit, according to the draft operating results sent to Finance Director Thomas Bruce on Monday by auditors from Braver PC.A The news came as a shock to many, who believed WED was in the clear for the fiscal year that ended ... (more)

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insight

Cumberland, VA

#1 Dec 7, 2011
Impossible to have gone gone a modest surplus to a huge deficit. There is more to this story than meets the eye. Could the town's indebiture be shifted onto the schools? This audit needs an audit.

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