THE PHILADELPHIA School District lacks the proper financial controls to monitor student activity funds, petty cash, high-end equipment and other tasks, according to a report released yesterday by City Controller Alan Butkovitz.
The report, which examines the district's internal controls for the year that ended June 30, 2013, highlights 10 areas and concludes that while some improvements have been made, much tighter oversight is needed to guard against theft and misuse.
"We believe that, if implemented by management, these recommendations will improve the School District of Philadelphia's . . . internal control over financial reporting," Butkovitz said in a letter to School Reform Commission chairman Bill Green.