PREVENT MISMANAGEMENT & MISGUIDED BUDGETS BY OUSD

In observance of the General Funds Solutions for 2020-21, one of the proposed solutions is to consolidate fiscal services functions (budget and accounting) into a single department with an estimated savings of $2,116,000. This consolidation is a hot spot for fraud. A huge red flag because it eliminates the check and balance. However, this can be taken care of in two ways, an annual independent audit and a check and balance performed by the board of directors. Due to the fact of historical gross mismanagement, board members can no longer trust that central leadership is doing their jobs with honesty and integrity. Board members need to be fluent in discerning red flags in the budget and begin to hold people accountable for mismanagement.