Audit of Manatee schools' finances to be released at 2 p.m. Monday

January 14, 2013 

MANATEE -- Manatee school officials and the public Monday will learn the details of a forensic audit of the district's troubled finances.

Auditors are set to release the 200-page report at 2 p.m. at the district's administration building in downtown Bradenton.

The forensic audit began a month after former superintendent Tim McGonegal resigned after revealing a $3.4 million budget deficit caused by $8 million in overspending. External auditors later revealed overspending to be closer to $11 million.

In the wake of fragmented public trust, the school board hired Tampa-based law firm Trenam Kemker to oversee the selection of a forensic audit team to investigate the cause of the deficit. The global consulting firm Navigant was chosen in October.

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