DISD finances improve significantly: audit report

With more than $100 million in reserves and improved accounting practices, DISD is in better financial shape than it has been for years, according to a recently released audit. The international accounting firm Deloitte & Touche has audited DISD for a number of years, and each year’s audit generally has a number of “material weaknesses” — read: significant stuff that needs to be fixed — as part of the report. This year, no “material weaknesses” were noted, according to the DMN story on the report. Too bad that chief financial officer Larry Throm, who was brought in to clean up the budget mess in January 2009, is headed back to Austin shortly. No word yet on his replacement.

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