The Cost of Cash in K-12 Education: Time, Fraud, Mismanagement & Safety
For as long as there have been schools, teachers have been collecting cash from students. Field trips, lunches, fundraisers, it’s easy for parents to drop some bills into a child’s backpack and teachers are collecting, receipting, aggregating and reporting the collection. School secretaries become drop boxes. This model leaves open, however, an avenue for misuse. School auditors have an easy time exposing fraud, waste and non-compliance.
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