Audit hints at future district problems
More and more school districts may be forced to dip into reserves to cope with shrinking funding for schools, the state’s school finance chief and a new state audit warned Tuesday.
Vody Herrmann, assistant commissioner of education, told the Legislative Audit Committee, “I do believe we’ll see an increase in the number of districts” spending down their fund balances to cover operating costs.
Herrmann spoke during a hearing on a new report that tracks the fiscal health of state school districts.
Staff in the state auditor’s office reviewed three years of audits of the state’s 178 school districts, in this case,
