Boston Public Schools is making schools deposit student activity money into the citywide financial system, training school principals and staff on how to correctly manage fundraising money and adopting a new policy to ensure strong control over cash collection and deposits after an IRS audit last year found mismanagement of student activity accounts.

The moves are in response to a separate independent audit by Ernst & Young that analyzed student activity funds and use, assessed key internal controls and reviewed historical transactions at 118 schools in the BPS system over the past five years.

Read the full article on the Boston Herald website.