An audit reveals the Willingboro School District is doing a pretty good job of managing its finances. The district had only one shortcoming in the last school year.
The district borrowed $10 million from the state back in 2005 to close budget gaps, during a time when audits were uncovering as many 20 financial shortcomings a year in the district budget.
Thanks to budget cuts, the district is now spending less per year than it was in 2003. And audits for the past two years turned up only three shortcomings.
Spending has increased, however. The Burlington County Times reports spending on healthcare benefits, utilities and salaries has gone up.