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Finance consultant updates BISD finances
BEAUMONT - By Justin Hinton, KFDM News
WCL Enterprises has examining the Beaumont school district's finances since Nov. 2013. Bill Lenhart (pictured) says the agency has reconciled the district's bank accounts through January.
He said there were three key things that have landed BISD in its current situation:
1. Scheming of key employees
2. Weak internal controls
3. Limited procedures for key processes
Since November, he and his team, have been making suggestions to the Board of Trustees to better manage their finances.
He says WCL Enterprises has recommended getting rid of blanket purchasing orders and centralizing activity funds in addition to a number of other recommendations.