By CASSIE MCKEE, Four Points News
Following the fall River Ridge Elementary book fair, more than $5,600 of proceeds were not deposited into the PTA’s bank account until months later, after the discrepancy had been discovered by PTA board members.
PTA Board President Christina Morales said that on April 7, upon realizing the discrepancy, the PTA board closed the books, limiting access to the account, so that a Financial Reconciliation Committee could conduct an investigation.
“On April 7, the 4th VP of Fundraising was informed that the books were closed, and that the PTA did not have access to the account,” Morales said. “The VP went to the bank and deposited a personal check in the amount of $6,544.29. The following day, the VP was removed from the bank account. The board met on Friday, April 11. We then appointed the Reconciliation Committee, and voted unanimously to remove the 4th VP of Fundraising (from the board).”
Morales said while the board realized the discrepancy in early April, members did not know the exact number that had been missing until Friday, April 25, when the results of the Financial Reconciliation Committee investigation were released. Continue reading