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BOE’s Fund Balance Sits At “Historic High”

October 17th, 2011 by WCBC Radio

A recent audit by Huber, Michaels & Co. shows that the Allegany County Board of Education’s fund balance sits at a “historic high” of $12.5 million At the board’s regular monthly meeting,  chief business officer  Randy Biitinger said this is partly because the school system has delayed a scheduled purchase of textbooks until the state unveils a new curriculum. Almost $738,000 that had been set aside for new textbooks will remain in the fund balance, for now. The Maryland Department of Education is expected to implement a new curriculum in the next few years as part of the federal Race to the Top program. Superintendent David Cox credited the finance office and the board for being able to maintain a healthy reserve fund…

                                                                       




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