Albuquerque Journal (Albuquerque, NM)

Public Schools Audit Shows Improvements.

Byline: Diana Heil Journal Staff Writer

Fixed-Asset, Cash Problems Remain

State Auditor Domingo Martinez said last week that he could count on one hand the "really glaring" bookkeeping problems found in the latest 1999-2000 audit of Santa Fe Public Schools.

Cash and fixed-asset problems topped the list. Martinez cited the lack of proper controls at two new charter schools.

The audit showed major improvements at the district since a 1998-99 audit showed an estimated $1.7 million deficit.

The new audit found the district's budget was $100,000 "out of balance," but it was good enough to help persuade the state Education Department last week to return full financial control to district officials after more than 18 months of state control of the Santa Fe schools' budgetary matters. …

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