Audit Reveals Cash Shortfall for Millcreek School District - WICU12 HD WSEE Erie, PA News, Sports, Weather, Events

Audit Reveals Cash Shortfall for Millcreek School District

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The Millcreek School Board "should have" been more informed. 

That's the word tonight, from the auditors who recently audited the Millcreek School District.

On Tuesday night, auditors from Felix and Gloekler accounting firm met with the Millcreek School Board, to discuss the improper $5 million transfer made by Millcreek Superintendent Michael Golde.

It turns out, the financial situation is worse than the board thought.  According to the auditors, the district was operating at a $3.5 million deficit.  The district initially thought they had a $760,000 surplus.

During the meeting,  the auditors said the very fact that the district didn't know about the transfer, is alarming.

"Their financial reporting really should, monthly, they should be aware of that," said auditor James Gloekler.  "So I think it was a surprise to them."

But, the district hopes to correct this problem.

"We admit that mistakes were made," said Assistant Superintendent Bill Hall.  "And we didn't do a good job of it last year, and we need to correct some things moving forward."

According to the auditors, even though the move made by Golde was not allowed, they don't believe any criminal activity occurred.

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