Fraud, financial improprieties, or irregularities include but are not limited to:
- Forgery or unauthorized alteration of any document or account belonging to the district;
- Forgery or unauthorized alteration of a check, bank draft, or any other financial document;
- Misappropriation of funds, securities, supplies, or other assets;
- Impropriety in the handling of money or reporting of financial transactions;
- Profiteering because of insider information of district information or activities;
- Disclosing confidential and/or proprietary information to outside parties;
- Accepting or seeking anything of material value other than items used in the normal course of advertising from contractors, vendors, or persons providing services to the district;
- Destroying, removing, or inappropriately using district records, furniture, fixtures, or equipment;
- Failing to provide financial records to authorized state or local entities;
- Failure to cooperate fully with any financial auditors, investigators, or law enforcement;
- Any other dishonest or fraudulent act involving district monies or resources;
- Acting for purposes of personal financial gain, rather than in the best interest of the district; and
- Providing false, inaccurate, or misleading financial information to district administration or the board of directors.
The superintendent [or designee] will investigate reports of fraudulent activity in a manner that protects the confidentiality of the parties and the facts. All employees involved in the investigation will be advised to keep information about the investigation confidential.
If an investigation substantiates the occurrence of a fraudulent activity the superintendent, and/or board president or board vice president if the investigation centers on the superintendent, will issue a report to the board and appropriate personnel. If final disposition of the matter and any decision to file or not file a criminal complaint, or to refer the matter to the appropriate law enforcement and/or regulatory agency for independent investigation, will be made in consultation with district legal counsel. The results of the investigation will not be disclosed to or discussed with anyone other than those individuals with a legitimate right to know until the results are made public.
Reviewed: 10/12; 12/13; 5/15; 12/18; 1/22
IASB Reference: 707.05; 707.05-R(1)