by The Associated Press on KNX1070.com
smf notes: As a classically educated scholar and a member of the Hollywood High School Latin Club c.MCMLXIII I feel it incumbent to correct an error in the Roman numerology. $10M is $10,000. Ten million dollars would be $10MM.
Monday, 26 July 2010 9:03AM -- LOS ANGELES (AP) -- An audit says stolen textbooks and unnecessary book purchases have cost the Los Angeles Unified School District nearly $10 million.
The June 30, report randomly sampled 21 high schools, concluding that the nation's second-largest school system has an outdated and substandard textbook inventory system. Its elementary schools have no system at all.
The inspector general's office audit covered a period from 2008 to this February. In one case, auditors found that $500,000 worth of textbooks sat for years in a district warehouse.
The district, which has more than 1,000 schools, says a new tracking system will be ready in another several months.
The district spent more than $83 million on textbooks last year. It postponed $60 million in purchases this year as it struggles with budget cuts.