School System on Track to Spend Allocated Funds
The Moore County school system is on track for spending all of its allocated funding for the 2011-2012 school year.
During a meeting Monday, Mike Griffin, the system's chief finance officer, reported to the Moore County Board of Education that the school system is where it needs to be in terms of spending for the current fiscal year and that the system has received expected additional allocations from the state and federal government.
Griffin reported that the system received an increase of $230,720 from the state for funding transportation costs and for Exceptional Children (EC) programs.
Griffin told the board that the system typically sees these funds allocated during this quarter.
The system received $236,915 from the federal government as a second allocation to fund the 21st Century Learning program, an after-school program at Aberdeen Elementary School, as well as additional funding for Title II professional development.
The board approved a resolution to amend the system's budget to reflect the additional allocations.
For more on the meeting, see Wednesday's edition of The Pilot.
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