CARROLL – New York State’s Comptroller is urging the Frewsburg Central School District to tighten up their financial management polices after a school treasurer admitted to stealing thousands of dollars raised by students.
Comptroller Thomas DiNapoli and Chautauqua County’s DA announced in January 27-year-old Angela Smoulder attempted to conceal her theft by substituting the stolen funds with checks from the school district retirees’ health insurance account, among other things.
Smoulder pled guilty to a petit larceny, a class A misdemeanor, and paid full restitution to the district in the amount of $6,982.42.
Last week, the State Comptroller released findings of an over 16-month probe into the district. He says that from July 2018 to October 2019, the treasurer lacked adequate oversight, which ultimately lead to the theft.
In order to better manage finances in the future, he recommends the district: ensure all money is deposited intact and in a timely manner, complete proper monthly bank reconciliations and properly report activity to the Board of Education.