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Monrovia School District: Spending More than It's Taking In

A final audit shows that Monrovia School District is spending more money than it is taking in. It appears that in 2018 the district spent about $3 million more than it brought in, and it brought in less than it did the year before: $78 million vs. $82 million in 2017, so it has cut expenses. Also, this is a smaller loss than in 2017, when it spent $3.8 million more than it brought it. I'm not an accountant, however, and if someone with more expertise would like the give the audit a look, it is here: https://goo.gl/SYAc6b

- Brad Haugaard

1 comment:

  1. 4 million of the loss is related to depreciation. Non-cash item so not as bad as it looked oks

    ReplyDelete