Audit Says Four NM School Districts Have Major Compliance Issues

From capitolreportnewmexico.com- An audit conducted by the state’s Public Education Department (PED) shows at least four school districts out of 34 across New Mexico have “major compliance issues” that need to be addressed.  The audit comes after a marked increase in what’s called “funding units” in schools across the state. These units determine how much money districts receive, based upon factors such as the number of students enrolled in special education, poverty in a given district and teacher experience.  Over the past year, the number of funding units increased by 116 percent, but the number of new students increased just 1 percent. The discrepancy resulted in a larger than expected spike in expenses and, given the difficult economic times, that meant budgeting for education spending in New Mexico will come under even more pressure.  More News New Mexico

Audit Says Four NM School Districts Have Major Compliance Issues