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As the Carroll County School Board works toward budgeting the 2012/2013 school-year this week, schools Chief Financial Officer Greg Denney insists that the school system is “not in any sort of fiscal crisis due to mismanagement.”
“In fact, the school system is actually in a very good position financially, to have $15M in fund equity sitting there, so the school system has actually done well managing there money,” says Denney. “But, like when the state comes in, which is 70% of our money, and tells you… like last year, we were projecting we might get $9M cut from the state and we actually got $12M.”
Denney concludes, “We have to react to that $3M in a relatively short period of time. A lot of people think ‘man, they’re mismanaging money.’-- And that’s not the case. We’re reacting to something that’s actually out of our control. I want people to understand that.”
The Carroll County School Board begins public discussions on the 2012/13 school year budget late Thursday afternoon.