Fired CFO Carla Merka from Crosby ISD who lied about the district’s finances is now working for PISD. ⚠️
⚠️ Unconfirmed (see why at bottom) ⚠️
QUOTE:
"claiming $5.4 million in general fund reserves and failing to report $11.7 million in construction and payroll liabilities. Seven months later, the SEC said, the district disclosed its financial woes, acknowledging a deficit that led to downgrade of Crosby ISD’s bonds by rating agencies."
"Merka and Lackey all agreed to settlements with the SEC, without admitting wrongdoing."
"Merka, now chief financial officer of Pasadena ISD, will be required to pay $30,000 and is barred from involvement in municipal bonds in the future, the SEC said."
Source: INBOX or ONLINE SUBMISSION
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