**I'm working on embedding the full audit report on this website. It should be posted here shortly***
UPDATE: Here's the full audit report:
UPDATE 2: This is not a full report, but an "executive summary." Full report not to be released yet because it contains sensitive information to criminal investigation.
Finally the special audit conducted by the State Auditor was released to the public and press today revealing Jemez Mountain School Business Manager Kathy Borrego stole a substantial amount of money from the district. From the State Auditor's press release on the report:
"Today, State Auditor Hector Balderas released the staggering findings
of his office’s special audit of the Jemez Mountain School District (District). The audit
concluded the District’s former business manager, Kathy Borrego, embezzled
$3,378,701.27 from the District’s bank accounts from January 8, 2002 through June 4,
2009.
"I am outraged that public money for kids ended up in personal accounts,”
Balderas stated. “I have directed my auditors to assist with the criminal investigation and
prosecution of these appalling acts.”
Balderas’ special audit found that 538 checks were removed from the District’s
blank check stock and made payable to the District’s former business manager Kathy
Borrego, and other persons. The authorized signatures on the checks were forged and
checks were cashed or deposited into various personal bank accounts. Also, the special
audit found that data in the District’s accounting system was altered to conceal the
unauthorized cash disbursements and expenditures.
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jeremyjojola.com
3 comments:
IT's ashame what this women has done. Everyone had put their trust and confidence in her. She was always so cocky and thought she was better than others. I feel sorry for all the students that got cheated by her. May God Bless her and whoever is involved put they need to pay for what they done!!!!!
Kathy was a woman who had a good reputation in the Business Manager's Community, or so I thought. I don't understand how she could have gotten away with it for so long, where was the District Auditor, the Checks and Balances from the Superintendent and the Board of Education?? How sad that her actions will have negative implications on Business Managers throughout the state who work hard at their jobs and who genuinely care about the children of New Mexico.
She was a good woman, but she had us all fool. The school superintendent and the school board could have not seen this coming because she was good at altering the books. What a shame. All this was student's money. Gallina elem. could have a brand new school and just imagine what they could have build for the students.
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