Wednesday, November 14, 2012

DeKalb County Schools and its Deficit
by Fran Millar on Tuesday, November 13, 2012 at 12:47pm
 
The link to this Facebook post was sent out via Twitter by Sen. Millar.  I hope it's okay to post.
 

We have eight Georgia school systems with fund balances as of June 30, 2012 in deficit positions. This means that school systems expenditures exceeded both revenue and available fund balances (reserves). In other words they have no money as of June 30th.

The good news is for seven of these school systems no one deficit exceeds $3.5 million. Most are under $150,000.

The bad news is DeKalb’s deficit is $14.5 million as of June 30, 2012. I have communicated this information to Mark Elgart (SACS). I am also sure it is substantially larger at this time.

All of these districts must submit a plan to the Georgia Department of Education detailing how they will get their budgets back in balance by June 30, 2013.

This appears to be another nail in DeKalb’s coffin. If SACS puts DeKalb on the step prior to loss of accreditation then the State can intervene.

It appears it is finally time for SACS to step up. Hopefully their evaluation of DeKalb will be done around Thanksgiving.

I also understand the forensic audit (in depth financial audit) commissioned by School Superintendent Cheryl Atkinson through KPMG should also be available in the near future.

Bottom line as taxpayers with or without children in DeKalb Schools you need to be concerned.

No wonder 64 percent of DeKalb voters approved the state via the commission as an alternative authorizer of charter schools. It is called frustration with the status quo of mediocrity in the aggregate.

Senator Fran Millar
senatorfranmillar@gmail.com
404-923-3607

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