LITTLE FALLS, NJ - An investigation is currently underway involving alleged missing funds that were in a Little Falls PTA account, according to Rose Acerra, New Jersey Parent Teacher Association president.

A discrepancy of possibly thousands of dollars allocated towards extra-curricular activities and other functions for the students of the Little Falls School District was discovered.

A Channel 4 NBC-TV report yesterday by Pat Battle stated that during a financial audit at School No. 2 and School No. 3, the president of the Little Falls PTA, found the discrepancy. Money for the PTA is raised from events like the annual tricky tray, and other yearly activities. The state PTA is looking into the matter and will be visiting the site next week, after they were contacted by the Little Falls PTA.

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Acerra stressed that they are only allegations as of right now.

"We are looking to receive confirmation back that the PTA is, in fact, missing funds, and that exact amount is still unknown," Acerra said. 

Acerra added that if confirmed, representatives of the NJPTA would visit the Little Falls PTA's regularly scheduled meeting on Monday, Sept. 18, which will be held at 7 p.m. at School #2.

She explained that both the national and state PTA board typically assist local PTA boards with training, putting policies in place, which includes a checks and balances system, and ensuring a treasurer's report is produced, with two signatures required on every check.

"If we need to go to Little Falls this Monday, we would assist the PTA board with getting on the right track," she noted. "It's unfortunate when this happens because it involves children, but we want to make sure that the PTA leaders and members can overcome it and continue to function."

Tracey Marinelli, Little Falls School District superintendent, said," Since the PTA is a separate and autonomous body, the Board of Education and district do not have any direct involvement in its operations, and in particular, its finances."

Michael DeMarco, chief assistant prosecutor of the Passaic County Prosecutor's Office, said his office cannot confirm or deny any investigation into the matter.