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Steve Sherlock’s   Analysis of the Forensic Report that resulted from the audit of the Franklin School Department for FY 2005, 2006, 2007 Based upon the presentation at the Joint Town Council & School Committee meeting 1/9/08 and the Forensic Report itself
Timeline – FY 2006 FY 2006 = $400K deficit from Sp Ed expenses and unbudgeted hiring Sep 2005/ Oct 2006 Deficit covered with transfer of Sp Ed Circuit Breakers funds Deficit was created by prior Superintendent, revealed in W Ogden memo to J Nutting 10/26/06. According to this memo the deficit was projected as early as Sep 2005 Transfer made by DOFO with approval of Town Comptroller; MA Dept of Rev did not reverse in accounting for “free cash” Auditor has citations in report for this transfer being illegal, although admitted during the presentation that it is “open to interpretation” Deficit found during audit of FY 2006, discussed with Town Council (6/20/07) but not discussed with School Committee Date not available in report
Timeline – FY 2007 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Deficit acknowledged in Oct 2006 memo; spending freeze commences and recovers $663K $274K deficit covered by Town Council Jun 2007 $598K deficit covered by Town Council Dec 2007 Auditor has citations in report for this second transfer also being illegal Forensic report covers audit of FY 2005, 2006, 2007 reviewed with joint Town Council and School Committee meeting 1/9/08 ,[object Object],[object Object],[object Object],Oct 06 Jan 07 Oct 07 Nov 07 Jan 08 Feb 07 Jun 07 Dec 07
Approached report with 3 questions ,[object Object],[object Object],[object Object]
Q 1 – Does report explain deficits? ,[object Object],[object Object],[object Object]
Q 2 – Do the recommendations cover the issues raised? ,[object Object],[object Object],[object Object]
Q 3 – Do questions remain? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Important links ,[object Object],[object Object]

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Forensic Analysis V1

  • 1. Steve Sherlock’s Analysis of the Forensic Report that resulted from the audit of the Franklin School Department for FY 2005, 2006, 2007 Based upon the presentation at the Joint Town Council & School Committee meeting 1/9/08 and the Forensic Report itself
  • 2. Timeline – FY 2006 FY 2006 = $400K deficit from Sp Ed expenses and unbudgeted hiring Sep 2005/ Oct 2006 Deficit covered with transfer of Sp Ed Circuit Breakers funds Deficit was created by prior Superintendent, revealed in W Ogden memo to J Nutting 10/26/06. According to this memo the deficit was projected as early as Sep 2005 Transfer made by DOFO with approval of Town Comptroller; MA Dept of Rev did not reverse in accounting for “free cash” Auditor has citations in report for this transfer being illegal, although admitted during the presentation that it is “open to interpretation” Deficit found during audit of FY 2006, discussed with Town Council (6/20/07) but not discussed with School Committee Date not available in report
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