Audit finds money problems at APS

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ALBUQUERQUE (KRQE) – Albuquerque Public Schools has more than 140 schools, thousands of employees and $1 billion budget.

Things are bound to go wrong — and stuff is bound to go missing.

A new report from the New Mexico Office of the State Auditor details a lot of those problems.

The findings included a lack of enforcement for financial policies and problems with record-keeping.

The report says most activity funds – which schools manage – needed more oversight from APS.

It also says the district had to report $1.2 million in missing capital assets to the state auditor’s office – assets that were wiped off the books because they couldn’t be located after two years.

That could be anything from furniture to equipment to computers.

The audit warns mismanagement could lead to another consequences beyond the missing goods, saying, “If confidential records or data are stored on any missing laptops, this information is at risk of unauthorized access.”

Still, $1.2 million is an improvement over the $1.9 million in missing assets reported the year before.

School Board President Marty Esquivel provided a statement saying, “Overall we feel it was a very positive audit because the number and nature of adverse findings has continued to decrease over the years. We feel very strongly that APS is on very strong financial ground, compared to other districts throughout the country who have had problems.”

The number of state audit findings has gone down over the years, from 378 in 2009 to 93 in 2013.

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