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Patrick Henry President Calls for Audit of Student Activity Fund

Chris Dovi of Richmond Magazine has the details with the way principal Pamela Boyd has allegedly mismanaged funds and a lack of policies and procedures at Patrick Henry School of Arts and Science. Apparently the PHSSA Board has concerns as well.

Sharon Burton, president of the Patrick Henry board, sent a letter on May 2 to Richmond Superintendent Yvonne Brandon “to voice the concern of the board with respect to the potential financial mismanagement and lack of policies and procedures being used by our principal, Pamela Boyd.”

These concerns were most likely raised from an internal audit.

Patrick Henry’s own accountant, Anita Zimmerman, who was hired by the board earlier this year at the suggestion of Goodman and Co., undertook an internal audit of the student-activities account that covered a period from November 2010 to this March. Her April audit report to the board found that roughly $2,300 couldn’t be accounted for.

That internal audit left Patrick Henry officials “extremely concerned with the lack of even basic financial systems that would allow for the monitoring, balancing and reconciling of the money,” Burton wrote in her letter to Brandon, stating that the audit found “a chaotic collection of papers with at best, sporadic deposit reconciliation, RPS reconciliations signed off on by the principal with erroneous information, and multiple infractions of the [Richmond Public Schools] policies and procedures manual for student activity accounts.”

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