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Extracted from Consolidated Report
This investigation was originally published as part of a larger consolidated report containing multiple investigations. View the consolidated PDF for the complete document.
San Bernardino County Grand Jury
• 2010-2011
governmental accounting principles and financial statements and knowledge
⚠️ Translation Notice: This content has been automatically translated. The original English text is the official version. Translation may contain errors.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings and Recommendations 3 findings
F1
Page 50
The regulatory criterion that current outstanding indebtedness of the school district, at the time of the financial hardship request, is at least 60% of the 2010-2011 San Bernardino County Grand Jury Final Report 36
Related Recommendations (1)
R11-24
Page 51
Implement policy changes that restrict the creation of outstanding indebtedness for purposes of qualifying for SFP hardship status. (Findings 1, 2, 3)
F2
Page 51
The OPSC has not approved the school application for hardship status as of the date of this report.
No recommendations for this finding
F3
Page 51
Although the OPSC regulations do not appear to prohibit school districts from the practice of intentionally increasing outstanding indebtedness to qualify for hardship status, the practice appears to run counter to the goal of the SFP to require school districts to raise funds for the local SFP match.
No recommendations for this finding