Finding Text
Finding 2023-001 Budgeting Process Compliance Requirements: Reporting Type of Finding: Noncompliance Criteria Realistic budgets for expenditures should be made that will more closely match actual results since actual expenditures exceeded budgeted expenditures by $2,497,085. Condition The School District had a deficiency of total expenditures exceeding revenues by $1,478,669. Context The unrealistically prepared budget for the School District did not allow the School District to properly manager its expenditures. Effect The failure to plan and budget for the School District’s finances in a realistic manner will result in continued deficits. Cause Lack of sound budgeting by management Recommendation Management should have a budget plan to accurately budget expenditures and manage them. Response Clairton City School District agrees with this finding and will attempt to budget more realistically.